SanDisk buys MusicGremlin

Remember MusicGremlin? The WiFi based music player? No? Well, SanDisk bought them for an undisclosed sum. Full release follows.

SANDISK ACQUIRES MUSICGREMLIN
 
 
MILPITAS, Calif., June 10, 2008– SanDisk Corporation (NASDAQ:SNDK), a leading seller of MP3 players in the United States, today announced it has acquired MusicGremlin, a privately-held technology company that develops advanced digital content distribution technologies. The acquisition falls under SanDisk’s Sansa™ audio/video business unit.
 
 “MusicGremlin’s digital distribution platform and capabilities will provide SanDisk with adaptive and innovative technology that will play a key role in the development of future Sansa products for consumers,” said Daniel Schreiber, general manager and senior vice president for SanDisk’s Sansa audio/video business unit.
 
Robert Khedouri, co-CEO and co-founder of MusicGremlin, will join the Sansa team as vice president of services.
 
“SanDisk and MusicGremlin share a core passion for granting consumers easy access to digital content,” said Khedouri. “We’re very pleased that MusicGremlin technologies will soon contribute to a new generation of Sansa products and services. We look forward to joining SanDisk in realizing our vision for the future of distributed media.”  
 
            Terms of the deal are undisclosed.