Qualcomm acquires Elata for $57M

Qualcomm said it bought UK-based mobile content firm Elata for $57 million in cash. Elata develops applications that let carriers sell content to their subscribers. Qualcomm plans to combine Elata's content delivery system with its Brew platform. Elata also makes digital rights protection software that lets carriers sell licensed media like full-song downloads. Elata has a partnership with Hutchison's 3.

For more on Qualcomm's deal for Elata:
- see this story from TheStreet.com