Printed from http://www.electronista.com

CNet: Beats' MOG acquisition announcement imminent

updated 04:11 pm EDT, Fri June 29, 2012

Financial terms unavailable

The long-rumored acquisition of digital music service MOG by Beats may have been finalized and could be announced in the near future. A source familiar with the workings of the deal has told CNet that the deal has indeed gone through. Despite the news, particulars in the acquisition have yet to be revealed.

Reports glossed over any financial details, but the source did say that Beats doesn't plan on making any dramatic changes to MOG's operations.

Rumors of the deal surfaced in March when anonymous insiders near MOG began telling outlets that the company had sold for just under $12 million. As Beats is owned byTaiwanese cell phone maker HTC, the deal will likely feed into HTC's rumored cloud music service expected to debut later this year.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Epson PowerLite Home Cinema 3500 projector

Trying to find the perfect projector for a home theater can be tricky, as there are bountiful options on the market from a large numbe ...

Thecus N2310 NAS

For every computer user, there comes a point of critical mass in data storage. When it hits, external hard drives, USB sticks and DVD ...

iRig Pads

When it comes to mobile music products, IK Multimedia has positioned itself as one of the top suppliers. Right from the early days of ...

Sponsor

toggle

Most Commented

 
toggle

Popular News