[img src="" caption="" credit="" alt=""]Motorola has announced the acquisition of digital music store Soundbuzz, which is quite popular in Asia. Its region-independent platform enables users to buy digital content through both wireless and wired internet connections. Soundbuzz has partnerships with Sony BMG, EMI, Warner Music International and Universal Music Group, as well as over 45 independent record labels all over the world, and has one of the largest music libraries in the world. Motorola's acquisition is another step towards expanding their MOTOMUSIC brand into Asian market.
"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 Bill Werner, senior vice president at Motorola. "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."
The terms of the acquisition were not disclosed, and the deal should be finalized somewhere in the first quarter of 2008.