Hewlett-Packard (HPQ) this afternoon confirmed a TechCrunch report that it has acquired Melodeo, a provider of cloud-based music delivery systems for mobile devices.
In a statement, the company said the deal is “another example of our efforts to bring new, innovative technologies to market. We are excited about the potential of this technology to bring the power of cloud-based delivery service to millions of customers.”
The company declined to announce the terms of the deal.
Techcrunch earlier put the size of the deal at between $30 million and $35 million
(http://blogs.barrons.com/techtraderdaily/2010/06/23/hp-confirms-melodeo-deal/?mod=yahoobarrons)
