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Apple is reportedly considering investing in iHeartRadio

November 1, 2018

Via: The Verge

iHeartMedia, the largest radio company in the US, is exploring investments with several companies, including Apple, in advance of filing a reorganization plan with bankruptcy court, the Financial Times reports. The company has $20 billion in debt and filed for bankruptcy protection in March.

Sources tell Financial Times that Apple is one of several investors that have been considered, and iHeartMedia is looking for an equity stake worth tens of millions of dollars.

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