Friday 2 May 2014

Bloom.fm needs rapid sale to survive

Bloom.fm is up for sale after the surprise news that the company had hit a wall after its main backer, Russian media company TNT, pulled its financial backing. Founder Oleg Fomenko is now seeking a buyer for the streaming service but interested parties only have ten days to come forward though with Fomenko saying ""There is a product and there is a team that can either disappear and go to various different places, or survive. I would rather this had gone completely differently, but if the alternatives are to bury or to live, I'll choose survival".

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