Motorola acquired Singapore’s Soundbuzz
For expanding MOTOMUSIC campaign, Motorola acquired Singapore based music download site, Soundbuzz. The price tag for this transaction is not disclosed. The acquisition, which is subject to customary conditions, is expected to close in the first quarter of 2008.
“We are very pleased to announce this transaction with Soundbuzz. It will provide Motorola with one of the most extensive music libraries in the Asia Pacific region, advance our music and video offerings in Australia and South East Asia, and build on the success of our MOTOMUSIC Services in China,” said Bill Werner, Motorola’s senior vice president, future solutions and technology for mobile devices.
Headquartered in Singapore, Soundbuzz has access to one of the most extensive music libraries in the Asia-Pacific region, through licenses from Sony BMG, EMI, Warner Music International and Universal Music Group, as well as over 45 independent record labels in Asia, the U.S. and Europe.
Source: Fox Business via Techcrunch
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