Quantcast
UMG BACKS U.K.-BASED ONLINE DELIVERY SERVICE
$80 Million Investment Is Largest European E-Commerce Private-Equity Funding
Universal Music Group and InterTrust Technologies Corp. are among a consortium that is investing $80 million in digital commerce services company Magex.

The move represents one of the largest European e-commerce private-equity fundings ever.

London-based Magex provides a payment infrastructure for the delivery of digital music or video content over the Internet. Universal and other companies have already named Magex as their preferred provider of such services.

Others in the consortium include NatWest Bank, Reuters, GE Capital and [email protected].

Magex plans to expand its East and West Coast operations in North America in the next six months.

A TICKING HITS LIST
Surely you have the time to take a look. (8/7a)
THE GREAT CATALOG GOLD RUSH
Is mining the past the future? (8/10a)
TIKTOK RESPONDS TO TRUMP'S BAN
The kids are not alright with Trump. (8/7a)
POP SMOKE GAINS, DABABY LEADS OUR SONG CHART
And the streams just keep on coming. (8/7a)
THE BABE & THE MULE
Interscope's co-MVPs (8/7a)
BTS BRINGS IT
They're so dreamy.
VOTE BY MAIL
It's a conspiracy, because everyone does it.
IS IT CHRISTMAS?
No, but we're thinking about cookies.
WOKE MUSIC
Protest songs that sound like now.
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)