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Rumor: Music streaming service MOG is looking for a buyer

Sections: Business News, Online Music/Video

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MOG, one of the many music streaming services on the web, may be looking for a way out of the business. CNET reports MOG has been looking around for a potential buyer. MOG has not confirmed this report, but has downplayed it as a normal part of doing business.

MOG spokesperson Marni Greenberg told CNET, “We’re constantly speaking with companies and looking for the best opportunity for our business and our shareholders.”

MOG offers some of the same services as competing services such as as Rdio and Spotify. Users can utilize MOG on the web for free with limitations. Alternatively, they can pay $4.99 a month for unlimited web-based music streaming. For $9.99 a month MOG offers mobile downloads and unlimited streaming through its mobile apps.

It’s not that MOG is doing anything unusual or is running a faulty service. It’s probably just getting lost in the shuffle.

Via [CNET]

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