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Sony Corp. of America to Acquire Gracenote Apr 23, 2008 |
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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.