Musiwave sold to Microsoft for 50m

Microsoft is closing its acquisition of Musiwave, the French mobile music company, for USD46m in cash and USD4m in debt. The price is less than half what Musiwave’s California-based owner Openwave paid when it bought the firm for USD117m in Jan 2006.

The deal is important for Microsoft as it gives it a foot in the door for mobile content delivery to consumers … as well Musiwave still works with a lot of the leading mobile operators.

http://www.strategyeye.com/2007/11/16/microsoft_completes_musiwave_deal_for_usd50m/

Popularity: unranked [?]

Related posts:

1. Facebook valued at $15 billion – thanks Microsoft
2. Content Providers & Digital New Media Players
3. 200000 iPhones to be sold by O2 UK by end of year
4. Turk Telecom gets in 'dirty ads' fight about mobile number portability