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July 30, 2015 8:06 PM ET

Internet Software and Services

Company Overview of Blinkbox Music Limited

Company Overview

Blinkbox Music Limited owns and operates a music download Website. The company’s Website enables users to access, download, stream, and preview digital entertainment. It also provides Radio Plus, a mobile application that plays tracks and creates radio stations. The company was formerly known as we7 Ltd. and changed its name to Blinkbox Music Limited in May 2013. The company was founded in 2006 and is based in Oxford, United Kingdom. As of January 26, 2015, Blinkbox Music Limited operates as a subsidiary of Guvera Limited.

Manches Building

9400 Garsington Road

Oxford Business Park

Oxford,  OX4 2HN

United Kingdom

Founded in 2006

Phone:

44 20 7117 0809

Fax:

44 20 7117 4774

Key Executives for Blinkbox Music Limited

Managing Director
Founder Investor and Non Executive Director
Founder Investor and Director
Age: 58
Founder Investor and Director
Age: 59
Chief Operating Officer
Compensation as of Fiscal Year 2015.

Blinkbox Music Limited Key Developments

TalkTalk In Negotiations To Acquire Blinkbox

TalkTalk Telecom Group PLC (LSE:TALK) is in talks to acquire Blinkbox Music Limited. A deal could be announced as soon as next week. However, talks are ongoing and any deal could yet fall apart, two people familiar with the situation said, adding that any payment for Tesco PLC's Blinkbox would be small because of its losses. Tesco and TalkTalk declined to comment.

Vodafone Reportedly In Talks To Acquire Blinkbox

Vodafone Group Public Limited Company (LSE:VOD) is holding talks to acquire Blinkbox Music Limited form Tesco PLC (LSE:TSCO). The Telegraph understands that Tesco is in detailed talks with Vodafone while other parties have withdrawn from the bidding. A source close to the talks said an agreement was close though others insisted there was no certainty yet. Vodafone is not expected to pay huge for Blinkbox. It is understood that some of those who looked at acquiring Blinkbox would have expected Tesco to pay them to acquire Blinkbox. Blinkbox has been on the block for two months. Dave Lewis, chief executive officer of Tesco, said he would close the digital media “distraction” if a new owner could not be found. A source said: “Vodafone is basically starting from scratch in content. This will give them a big leg-up. Blinkbox’s market positioning also suits them. It focuses on new films that will be attractive to the premium customers that Vodafone targets.” Telegraph added that Vodafone and Tesco declined to comment.

Tesco Reportedly Puts Blinkbox Up For Sale

Tesco PLC (LSE:TSCO) has put Blinkbox Music Limited for sale. Dave Lewis, Chief Executive of Tesco is reported to be considering a number of options for the future of the business, which include closing it down if a buyer, cannot be found.

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Type
Date
Target
Merger/Acquisition
January 26, 2015
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