SanDisk Acquires MusicGremlin For Alternate Music Delivery Model
This story was written by Joseph Weisenthal.
SanDisk (NSDQ: SNDK), the maker of the Sansa line of MP3 players (a distant iPod competitor), has acquired MusicGremlin, a maker of technology to deliver music over Wi-Fi. Among its products: MP3 players that can access an online music store directly from any Wi-Fi hotspot, allowing users to get songs either through a subscription model or a la carte. It also touts technology that works with other electronics to deliver wireless music. The company says MusicGremlin technology will power the next generation of SanDisk MP3 players. Robert Khedouri, co-CEO of the NY-based company, will join Sandisk as VP of services. Terms of the deal were not disclosed. Release.
By Joseph Weisenthal