Sony Corporation of America has signed a merger agreement with Gracenote, Inc. Sony will pay approximately US$260 million plus other contingent consideration.
Gracenote is a global leader in technology and services for digital media identification, enrichment, and recommendation. Gracenote’s existing business will continue to operate separately. As a wholly owned Sony subsidiary, Gracenote will continue to develop new technologies in existing as well as new areas of operation. The senior management team will remain with the company.
to Daily News