View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 21, 2012

HTC’s Beats likely to buy digital music service MOG

To be distinct in the smartphone market, HTC is said to be keen on integrating music features such as Internet radio into its devices

By CBR Staff Writer

Headphone maker Beats by Dr. Dre, part owned by Taiwanese cellphone maker HTC, is said to be in talks to buy to buy subscription music service MOG, according to a person privy to the discussions.

HTC had bought a 51% stake in Beat Electronics for $300m, which was owned by musician Dr. Dre and and recording executive Jimmy Iovine in August 2011, according to Associated Press.

MOG, which was founded in 2005, has been facing stiff competition from rivals like Rhapsody and Spotify.

Universal Music Group and Sony Music are said to be among its investors.

But, spokespersons of both Beats and MOG declined to comment.

In February, MOG Chief Executive David Hyman had denied rumours that their company was for sale, and that it was in talks with potential buyers.

HTC, meanwhile, in a bid to be distinct in the smartphone market space was said to be keen on integrating music features such as Internet radio into its phones, according to Reuters.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU