Hewlett-Packard (HPQ) has agreed to acquire the Seattle-based mobile music streaming provider Melodeo for $30 million to $35 million, TechCrunch reports, citing “a source familiar with the deal.” The post notes that the deal makes HP “a player in mobile music services.”
On its web site, Melodeo says that through services such as nuTsie (an anagram of iTunes) and Mobilcast it reaches more than 50 million wireless customers through distribution deals with a range of handset companies and service providers.
TechCrunch notes that a new version of nuTsie in the works will let you store a copy of your entire iTunes music library in the cloud, so you can access any song on demand.
The post reports that the company had multiple suitors, including HTC.
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