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ACQUISITION: Samsung acquires mSpot - brings Music into the Samsung cloud
Posted by Arne Hess - on Thursday, 10.05.12 - 09:25:24 CET under 01 - General News - Viewed 5237x
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Long time before Google had idea to bring music into the cloud with its Google Music Beta service, mSpot, a start-up from Palo Alto had the same idea and was recently fighting pretty alone against Google. But now it seems everything comes to an happy end for mSpot because the company announced yesterday, that it was acquired by Samsung. The acquisition will provide a cloud-based entertainment experience of music, video and radio services for users of Samsung devices, while extending mSpot's cloud and streaming solutions to a broader base of global entertainment fans. The combination will extend mSpot's top class cloud and streaming services while further enhancing Samsung's mobile and tablet device entertainment offerings.

mSpot's entertainment services is said to become a "key integrated offering on newly announced Samsung mobile devices".

The acquisition will include the full scope of technology, assets and human resources under mSpot. Further details of the transaction were not disclosed.

Cheers ~ Arne


 

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