Nokia Buys Loudeye
Nokia and Loudeye Corp. announced that they have signed an agreement for Nokia to acquire Loudeye for approximately $60 million. Under the terms of the agreement, Loudeye stockholders will receive $4.50 per share in cash for each share of Loudeye common stock. By acquiring Loudeye, Nokia can offer consumers a comprehensive mobile music experience, including devices, applications and the ability to purchase digital music. This...
New Sony Mylo: MP3,Wi-Fi, IM Hybrid Coming In September
Sony announced that it is readying a completely revamped Mylo gadget that will converge a digital music player, wireless broadband communications, including a Web Browser and Instant Messaging, and entertainment device. Mylo will be available in September for about $350. Sony is borrowing the name Mylo (“my life online”) from a prior, ill-fated generation of its handheld devices the Japanese consumer electronics giant had...
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