7digital is proposing to acquire French digital streaming music provider Snowite for £0.5m, through the issue of 7.3m new shares. It will also take on c£1.3m of debt under a repayment scheme to be negotiated with French courts as Snowite is currently in receivership. The company spent the last few years developing what is now a leading-edge streaming platform, however it incurred significant debt in the process. Unable to support that debt, it entered into French insolvency proced ....