Acquires Songza
Google acquires Songza, a service that creates soundtracks tailored to people’s changing moods, and plans to blend Songza’s technology into its own music streaming service. This service will cost $10 per month. Financial terms of the deal are not disclosed. Songza:
We can’t think of a better company to join in our quest to provide the perfect soundtrack for everything you do.
Google buys YouTube
Google has recently purchased a majority (more than 50%) of YouTube for $1.65 billion. All 67 of YouTube’s employees kept their positions. Chad Hurley, co-founder of YouTube, says:
I’m confident that with this partnership we will have the flexibility and resources needed to pursue our goal of building the next-generation platform for serving media worldwide.