It’s official: In an emailed statement, Motorola has confirmed to MediaNama that they’ve decided to exit the MotoMusic business in India, Singapore and Vietnam, as well as the Soundbuzz White Label business in Australia, India, Indonesia and Singapore, effective 31st July 2009.
The Motomusic service in Greater China will not be affected, the company says.
What’s interesting is that Motorola is looking to divest Soundbuzz, and has already begun discussions with potential buyers. Soundbuzz employs around 60 people with offices in Singapore, India and Australia, and Motorola says that the impact on employees will only be known post divesture. The company has refuted the speculation that Soundbuzz has filed for bankruptcy.
Motorola had completed the Soundbuzz acquisition in Q1 2008, and according to them, the divesture has no relation or impact on the previous shareholders of Soundbuzz. Soundbuzz was started in 1999 by MTV Asia MD Sudhanshu Sarronwala. Soundbuzz was intended to power the launch of MotoMusic services in its key markets of Australia, Singapore and India. Soundbuzz had been started by for MTV Asia MD Sudhanshu Sarronwala in 1999.
Note: we’ve requested Motorola for a few more clarifications, and will update as we have more.
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