Motorola Buys Singapore's Soundbuzz
January 7, 2008 at 7:25 AM (PT)
MOTOROLA has purchased Asian music download service SOUNDBUZZ for an undisclosed price. The deal is expected to close in first quarter 2008. The deal is aimed at expanding MOTOROLA's MOTOMUSIC service from its present CHINA, HONG KONG and TAIWAN coverage into INDIA, SOUTHEAST ASIA, AUSTRALIA and NEW ZEALAND. SINGAPORE-based SOUNDBUZZ will continue to operate its consumer brand and white-label services for other carriers.
"We are very pleased to announce this transaction with SOUNDBUZZ. It will provide MOTOROLA with one of the most extensive music libraries in the ASIA PACIFIC region, advance our music and video offerings in AUSTRALIA and SOUTH EAST ASIA, and build on the success of our MOTOMUSIC Services in CHINA," said MOTOROLA SVP/Future Solutions and Technology for Mobile Devices BILL WERNER. "We are delighted to welcome SOUNDBUZZ's strong management whose extensive region specific experience in the music and video industries will enhance the strength of our mobile device teams."
"MOTOROLA's dedication to enhancing the digital music experience in ASIA complements our own objectives and makes it the ideal partner," said SUDHANSHU SARRONWALA, CEO of SOUNDBUZZ. "This combination will help us extend our platform and create exciting growth opportunities for SOUNDBUZZ's employees and our partner music labels. Further, our customers will benefit from the technological advancements that we expect to deliver as part of a global leader in mobile communications."