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Apple explores iHeartMedia stake

© Reuters. Apple explores iHeartMedia stake© Reuters. Apple explores iHeartMedia stake

  • Apple (NASDAQ:) is turning to traditional broadcasting to boost its streaming service, exploring a tie-up with iHeartMedia (OTCPK:), the largest U.S. radio group that is attempting to claw itself out of bankruptcy, FT reports.
  • iHeartMedia is hoping Apple will take an equity stake worth tens of millions of dollars, but others suggested the deal could result in a multimillion-dollar marketing partnership rather than a direct investment.

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