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Nokia: Acquisition of Loudeye completed

Categories: Content, Nokia, Partnerships
By: , IntoMobile
Monday, October 16th, 2006 at 12:55 PM

LoudeyeJust after the gate5, Nokia 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.

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About The Author

Dusan Belic

Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.