HTC subsidiary Beats close to acquiring MOG streaming music service

News Tony Crammond 10:52, Mar 22 2012

Streaming music service MOG could soon be owned by HTC, as the company moves to bolster its multimedia offering

Beats Audio, which is owned by Taiwanese smartphone maker HTC, is close to concluding a deal to purchase streaming audio service MOG, a source close to the deal has claimed.

MOG has over 500,000 subscribers and it is believed to be at the top of HTC's short list to offer users of the company's Beats Audio subsidiary a dedicated music service.

The deal, which is expected to be finalized and announced within the next couple of weeks, will allow Beats and parent corporation HTC to offer users access to the 14 million songs that the service currently provides. The  acquisition will also include a streaming radio service and various media sharing options.

If the deal is successful, then users can expect to see MOG streamlined into many products, including Beats by Dr Dre headphones, Hewlett-Packard Laptops and of course, HTC's smartphones, which include the newly released 'One' range.

Via Reuters

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