Sony snaps up Gracenote for $260 million

Sony has announced they have purchased digital media information powerhouse, Gracenote. For those unfamiliar with Gracenote, they are behind the CDDB, which makes it simple and easy to get track listings when ripping your CD collection. The deal involves some $260 million being changed hands, along with some other contingencies being sent Gracenote’s way.

Sony plans to operate Gracenote as a separate business unit, and both companies seem to be happy with the deal. According to Tim Schaaf, Vice President of Sony Computer America;