SanDisk buys MusicGremlin

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

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.