Auddia signs purchase agreement to acquire radio fm; advancing m&a user acquisition strategy

Radio fm has 4.6 million maus listening to streaming am/fm radio stations, generating $2.23m in high margin revenue radio fm delivers $1.4m in operating cash flow to significantly reduce auddia's burn boulder, co, feb. 27, 2024 (globe newswire) -- via newmediawire - auddia inc. (nasdaq:auud) (nasdaq:auudw) ("auddia" or the "company"), a proprietary ai platform for audio identification and classification and related technologies, that is reinventing how consumers engage with am/fm radio, podcasts, and other audio content, announced today that it has signed a definitive purchase agreement to acquire radio fm (rfm), a leading am/fm streaming app. closing the acquisition remains subject to financing the acquisition cost.
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