Nokia: Acquisition of Loudeye completed
By Dusan Belic on Monday, October 16th, 2006 at 12:55 PM PST In Content, Nokia, Partnerships
Just after the gate5, Nokia (NYSE: NOK) today announced that it has completed its acquisition of Loudeye Corp. and is on target to deliver the best fully integrated mobile music experience to our customers during 2007.
Music Recommenders is one of the new music-centered services coming from Nokia and a iTunes-like store will probably follow in the future. Loudeye common stock is no longer publicly traded and each outstanding share of Loudeye common stock has been converted into the right to receive $4.50 in cash.
