U2 bassist-backed music TV service ROXi nears deal | Money News
A music-streaming service whose shareholders include the U2 bassist Adam Clayton and the financier Guy Hands is closing in on a solvent restructuring that will pave the way for it to launch a string of new interactive TV channels in the US.
Sky News has learnt that the assets of MagicWorks, which trades as ROXi, are to be sold to a new company called FastStream Interactive, which will be backed by a number of American broadcasters.
The deal, which could be finalised as soon as…