Musiwave sold to Microsoft for 50m

16. Nov, 2007 Comments Off

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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/

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