Tesco, the world's third-biggest retailer, has paid £10.8m sterling to buy a digital music business, in a move which forms part of its plan to develop a presence in the online entertainment market.
The supermarket group recently launched a £1 billion pound recovery programme to stem a decline in its share of the British market.
It said today it would acquire a 91% stake in WE7, a free-to-listen, personalised internet radio service.
The acquisition will build on last year's purchase of online movie provider blinkbox, Tesco said, and was part of a strategy to build a foothold in the digital entertainment market.
