Sony Spends $260 Million for Gracenote

Sony Corporation of America is buying digital music ID and recommendation outfit Gracenote for $260 million. Gracenote’s technology is the stuff that goes out to the Internet and finds the song, artist and album info when you play a CD in your computer or listen to music in iTunes, Yahoo Music and seemingly countless other music services and consumer electronics devices.

Digital Media Wire reports that Sony intends to operate Gracenote as a separate business as well as integrate the technologies into its own digital content services and devices.

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