SanDisk Acquires MusicGremlin

SanDisk Corporation (NASDAQ:SNDK), a leading seller of MP3 players in the United States, announced it has acquired MusicGremlin, a privately-held technology company that develops advanced digital content distribution technologies.

"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.

"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."

Founded in 2003, MusicGremlin, Inc. develops technologies to enhance the digital content experience. A pioneer in direct-to-device and wireless distribution technologies, in 2006 the company launched a first-of-its-kind portable Wi-Fi digital audio player (the MG-1000 "Gremlin(R)") and companion digital music service that includes music from all the major labels and thousands of independents. The Gremlin(R) device incorporated numerous innovative features, including its push-content Gremlist(TM) service which allows users access to fresh DJ-programmed content that is automatically updated over a wireless connection. The device also featured the ability for users to program the device and to legally and wirelessly share music between devices for the first time.