Deal Talks

The FINANCIAL TIMES is reporting that APPLE is in preliminary talks to acquire a stake in iHEARTMEDIA. The report says that no deal has been reached, and the deal may take the form of a multi-million-dollar marketing partnership involving APPLE MUSIC and streaming rather than a direct equity investment in the broadcasting and digital audio company, which is in the process of Chapter 11 bankruptcy.

iHEARTMEDIA declined comment when contacted by ALL ACCESS.

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