Akazoo agreed to acquire R&R Music Limited on July 9, 2015. The combined entity will be held 69.1% by InternetQ PLC (AIM:INTQ) while Penta Capital, Toscafund Asset Management LLP and R&R Music's founders and existing investors will hold the remaining shares. Apostolos N. Zervos, currently Senior Vice President of Akazoo at InternetQ, will be appointed Chief Executive Officer of the enlarged business and David Ritchie, currently Chief Executive Officer of R&R Music, will become Chief Strategy Officer. Charles Palmer, Chris Lane, Nicola Krafft and Karen Tang of FTI Consulting LLP acted as the public relations advisor, Pierre Schreuder and Ema Jakasovic of RBC Capital Markets and Simon Bridges and Emma Gabriel of Canaccord Genuity acted as the financial advisors to InternetQ plc, parent of Akazoo.

Akazoo completed the acquisition of R&R Music Limited in July 2015.