Motorola Successfully Completes Acquisition of Soundbuzz
Motorola, Inc. (NYSE: MOT) 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.â€ÂÂ
“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.
“With a library of over 750,000 songs and half a million mobile music
derivatives, Motorola now offers the people of the Asia-Pacific region
an extensive music collection, all available for download either via
the Internet or directly onto your mobile device,†Chapman-Banks noted.
Soundbuzz will maintain its Singapore headquarters along with other
offices in Mumbai and Sydney, forming a core component of Motorola’s
evolving mobile entertainment strategy in the Asia-Pacific region.
About Motorola
Motorola is known around the world for innovation in communications.
The company develops technologies, products and services that make
mobile experiences possible. Our portfolio includes communications
infrastructure, enterprise mobility solutions, digital set-tops, cable
modems, mobile devices and Bluetooth accessories. Motorola is committed
to delivering next generation communication solutions to people,
businesses and governments. A Fortune 100 company with global presence
and impact, Motorola had sales of US $36.6 billion in 2007. For more
information about our company, our people and our innovations, please
visit http://www.motorola.com


