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Microsoft has officially taken Musiwave off of Openwave's hands, as first announced earlier this week. The deal is for $46 million in cash, with Microsoft also assuming $4 million in Musiwave debt.
Musiwave offers music and entertainment content for wireless devices (ringtones, games, multimedia, etc.), so the acquisition will allow Microsoft to potentially provide easy access to such content through Windows Mobile and perhaps the Zune.
The deal marks a big dissapointment for OpenWave, who originally bought Musiwave for $121 million in 2005. Meanwhile, Musiwave falls right in-line with Steve Ballmer's acquisition strategy of buying companies in the $50 million to $1 billion range.