Motorola Successfully Completes Acquisition of Soundbuzz

• Posted: Wednesday, February 20, 2008
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• Author: pradhana
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• Filed under: Merger-Acquisition, Motorola

Motorola, Inc. a global leader in mobile entertainment, has successfully completed its acquisition of Soundbuzz Pte., Ltd., a leading pan-Asian music provider. Terms of the transaction were not disclosed.

Today’s milestone opens the door for Motorola to extend its successful Greater China music platform, MotoMusic, to India and Southeast Asia. In addition to a presence in 13 countries in the Asia-Pacific region, licenses with Sony BMG, EMI, Warner Music International, Universal Music Group, and over 45 independent record labels from around the world, the acquisition of Soundbuzz establishes MotoMusic as the leading music platform in the Asia-Pacific region.

“With the resources of Motorola, we are now able to immediately expand the digital music offerings available to our customers – and Motorola’s rapidly growing installed base of handsets throughout the region,” said Sudhanshu Sarronwala, CEO of Soundbuzz. “Clearly, this marks a major milestone, as it positions Soundbuzz and Motorola to better participate in the ongoing growth in Asia’s booming mobile music download market.”

“Music is the heart and soul of the mobile entertainment experience, and with Soundbuzz as a part of our family, Motorola has the biggest heart and the most soul in mobile music in Asia,” said Ian Chapman-Banks, Vice-President of Mobile Devices Marketing for Motorola Asia-Pacific.

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