Sony buys music data service Gracenote for $260 million

Link: venturebeat.com

Sony has bought Gracenote, an Emeryville, Calif.-based company that among other things owns the database of albums, artist names and song titles used to identify music in digital media services like Apple’s iTunes. The sale price is $260 million plus other compensation based on future performance; the deal is expected to officially close in late May. Gracenote had previously received around $50 million in funding from Sequoia Capital, Bessemer Venture Partners, and others. Formerly known

4/23/2008 | Email