Deezer hits the right note for ProSiebenSat.1

Jun 10, 2014 • Robert Lavine

The German media conglomerate has made a minority investment in music streaming service Deezer as part of a deal to merge it with ProSiebenSat.1's Ampya offering.

Germany-based media conglomerate ProSiebenSat.1 is set to take a minority stake in France-based online music streaming service Deezer for an undisclosed amount, German daily Die Welt reported today.

The investment will be made as part of a deal to merge Deezer with Ampya, ProSiebenSat.1’s music streaming service, to create a business that would be the market leader in Germany, where long standing international services such as Spotfify and Napster are yet to build up a large user base.

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