Motorola, Soundbuzz make music together
EmptyMotorola will acquire Asia's largest mobile online music company, Soundbuzz, the companies said in a press conference Monday.
Neither company would confirm financial details of the deal, which is scheduled to close by the end of March.
The acquisition fast-tracks Motorola's mobile music delivery ambitions in Soundbuzz's traditionally strong markets of India, Southeast Asia, Australia and New Zealand.
Motorola's mobile music delivery via the MOTOMUSIC brand, has to date been confined to China, Hong Kong and Taiwan, said Ian Chapman-Banks, Motorola vp of marketing for Asia Pacific mobile devices.
Based in Singapore, 9-year-old Soundbuzz offers 750,000 tracks and averages 200,000 monthly downloads and 3 million "mobile derivatives" including ringtones.
Soundbuzz chief executive Sudhanshu Sarronwala said new music services also will be created with Motorola.
The deal follows Soundbuzz's partnership with the Singapore government in Asia's first online high-fidelity music store, launched in December.