M&A Deal Summary

Stingray Acquires C97.7

On November 26, 2025, Stingray acquired media company C97.7 from Rawlco Radio

Acquisition Highlights
  • This is Stingray’s 15th transaction in the Media sector.
  • This is Stingray’s 9th transaction in Canada.
  • This is Stingray’s 1st transaction in Alberta.

M&A Deal Summary

Date 2025-11-26
Target C97.7
Sector Media
Buyer(s) Stingray
Sellers(s) Rawlco Radio
Deal Type Divestiture

Target

C97.7

Calgary, Alberta, Canada
C97.7 is a radio station broadcasting at 97.7 FM station offers a hot adult contemporary format, with a playlist that spans hits from the 1990s through the present. C97.7 is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

Stingray

Montreal, Quebec, Canada

Category Company
Founded 2007
Sector Digital Media
Employees938
Revenue 387M CAD (2025)
DESCRIPTION

Stingray is a music and video content provider on a number of platforms including Digital TV, IPTV, the Internet, mobile devices and game consoles. Stingray was incorporated in 2007 and is based in Montreal, Quebec.


DEAL STATS #
Overall 30 of 30
Sector: Media M&A 15 of 15
Type: Divestiture M&A Deals 7 of 7
State: Alberta M&A 1 of 1
Country: Canada M&A 9 of 9
Year: 2025 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-11 TuneIn

San Francisco, California, United States

TuneIn operates a digital audio streaming platform that offers access to live radio, news, sports, music, podcasts, and audiobooks from global broadcasters and content creators. TuneIn distributes its services via web and mobile applications, connected devices, and smart speakers. TuneIn was founded in 2002 and is headquartered in San Francisco, California.

Buy $175M

Seller(S) 1

SELLER

Rawlco Radio

Saskatoon, Saskatchewan, Canada

Category Company
Sector Media
DESCRIPTION

Rawlco Radio operates a network of stations serving cities such as Saskatoon, Regina, and Calgary, offering local news, music, entertainment, and community-oriented programming. Rawlco Radio is based in Saskatoon, Saskatchewan.


DEAL STATS #
Overall 1 of 1
Sector: Media M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Alberta M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2025 M&A 1 of 1