Samsung has announced that it is acquiring mSpot, a cloud-based content service provider based in California. The acquisition will results in providing Korean giant a cloud-based entertainment experience of music, video and radio services for users of Samsung devices. mSpot’s entertainment services will be a key integrated offering on newly announced Samsung mobile devices. The price and terms of the deals not revealed although TechCrunch pointed out that acquisition cost Samsung $8.8 million.
“mSpot shares our vision to bring a best-in-class cloud and streaming entertainment experience to consumers, and they’ve backed it up with innovative technical solutions from a great engineering team,” said TJ Kang, Senior Vice President of Samsung Electronics’ Media Solution Center.
“Samsung is unparalleled in terms of global reach and cutting edge devices; with our combined resources, we are looking forward to redefining media consumption across the mobile universe with cloud services,” said mSpot Chief Executive Officer Daren Tsui.