Muze acquires Loudeye's US assets for $11M

Entertainment information services provider Muze has agreed to acquire troubled B2B digital media company Loudeye's U.S. service and operations for $11 million in cash. The assets include Loudeye's Web and mobile digital music commerce services. Some of Loudeye's mobile music subscription services include O2 Germany, AT&T Wireless, Cingular's mMode MusicStore and BurnLounge. The acquisition also includes Loudeye's encoding services, which claim EMI Music as a customer.

For more on Muze's acquisition of Loudeye's U.S. assets:
- see this press release