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Strategies & Market Trends : Aardvark Adventures

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From: ~digs	8/8/2006 7:11:51 AM
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wow! LONDON (MarketWatch) -- Mobile-phone maker Nokia Corp. said Tuesday it has agreed to buy digital music distribution company Loudeye Corp. for around $60 million. Loudeye shareholders will receive $4.50 a share, more than double the share's Monday closing price of $1.77. By acquiring Loudeye, Nokia said it will be able to offer customers a "comprehensive mobile music experience," including the ability to purchase digital music.

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