The writing's been on the wall for some time now, with this having been considered a done-deal back in March, but now the two parties involved are going public. Beats Electronics, the house that Dre built, is acquiring the MOG music streaming service, adding a little content to its brightly-colored can offerings. No word on cost, but MOG is said to have raised $33 million in funding to date, so that might give you a ballpark figure. It's also unclear how or whether Beats-investor HTC might be involved in this new relationship, but if recent happenings are any indication, don't go expecting too much on that front.
Beats Electronics gets official with MOG acquisition, makes it an honest music streaming service originally appeared on Engadget on Mon, 02 Jul 2012 08:16:00 EDT. Please see our terms for use of feeds.
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