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.