Tribune To Acquire Sony Audio Recognition Unit Gracenote For $170 Million

Originally posted on TechCrunch:
Global consumer electronics conglomerate Sony is getting a tiny bit leaner with the sale of Gracenote, a business unit that provides audio recognition and metadata solutions to a number of device manufacturers and media companies. Tribune will spend $170 million to buy out Gracenote in a deal that is expected to close in the first quarter of 2014, and will combine it with Tribune Media Services (TMS). The sale comes five years after Sony acquired Gracenote in a deal worth $260 million. Gracenote’s Music Roots Gracenote was founded in the late 1990s to provide audio fingerprinting… Continue reading Tribune To Acquire Sony Audio Recognition Unit Gracenote For $170 Million