Nokia buys Loudeye

Nokia has announced that it will purchase Loudeye, a digital music distribution service similar to Apple’s iTunes, as it moves to bolster its presence in this crowded space. Loudeye currently operates some 60 live services in over 20 countries and multiple languages. Nokia has already sold tens of millions devices that come with a music player and it believes that multi-function mobile devices will become the preferred medium for enjoying music. In that context, Nokia will be able to offer its customers the ability to purchase and share music wirelessly.

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