It's a done deal: Mobile software and services firm Openwave Systems announced a definitive agreement to sell its mobile music subsidiary Musiwave to Microsoft for $46 million. Microsoft will also assume Musiwave's net debt, which totaled about $4 million at the end of the third quarter. According to Microsoft, Musiwave's relationships with record labels, device makers and mobile operators will ideally complement the software giant's Connected Entertainment technologies and services like Windows Mobile, Zune, MSN and Windows Live. "With the acquisition of Musiwave, we are deepening our position in the mobile entertainment market with an innovative provider to help broadly deliver a breadth of music software and services," said Microsoft's Mobile Communications Business senior vice president Pieter Knook in a prepared statement.
For more on the Musiwave deal:
- read this release [1]
Related articles:
Musiwave [2] chirps over Cricket deal
Musiwave [3] powers Telus' mobile music service
Nokia, Microsoft [4] collaborate on PlayReady
Microsoft [5] mulling DRM-free downloadsĂ‚Â
Links:
[1] http://www.fiercewireless.com/press-releases/openwave-executes-definitive-agreement-microsoft
[2] http://www.fiercemobilecontent.com/story/musiwave-chirps-over-cricket-deal/2007-01-29
[3] http://www.fiercemobilecontent.com/story/musiwave-powers-telus-new-mobile-music/2006-03-15
[4] http://www.fiercemobilecontent.com/story/nokia-microsoft-collaborate-on-playready/2007-08-06
[5] http://www.fiercemobilecontent.com/story/microsoft-mulling-drm-free-downloads/2007-04-11