Bauer Media Audio Ireland has agreed a deal to buy youth music station iRadio, which operates across the North East, Midlands and North West of the country.
It said that with today's deal, it will extend its total weekly radio reach to almost 1.9 million listeners.
The German company first entered the Irish market in 2021 when it bought Denis O'Brien's Communicorp Group in a deal said to be worth more than €100m. Its radio stations here include Today FM, Newstalk and SPIN.
The deal is still subject to customary closing conditions including regulatory approval.
Willie O'Reilly, Chairman at iRadio, said the station has grown to become the most popular radio station in its broadcast region, keeping listeners across its 15 counties informed and entertained.
"The board would like to thank everyone who has been a part of this journey for their contribution. iRadio is now ready to embark on a new chapter as part of Bauer Media Audio. Its best days lie ahead," he added.
Chris Doyle, Interim CEO of Bauer Media Audio Ireland, said that iRadio is a high-quality business and the company is looking very forward to welcoming it to Bauer.
"Together, we'll be able to ensure that the station can provide even more of the great content, music and entertainment that its audiences love," he added.
Bauer Media Audio said it reaches over 61 million listeners a week through its broadcast radio, online services and podcasts across nine countries - Ireland, the UK, Sweden, Norway, Denmark, Finland, Poland, Slovakia and Portugal.
Its brands include Today FM, KISS, Mix Megapol, Absolute Radio, Radio Norge, Radio Expres, Radio Nova, Radio 100, RMF and Radio Comercial.
