America Online (AoL) announced Friday that it is selling two of its acquired services, Winamp and Shoutcast, to Microsoft Corp.
More than a decade ago, AoL got hold of Winamp from Nullsoft for $80 million and since then, it has become a mainstay media playing application for Google’s Android devices and Apple’s iDevices.
However, according to Techcrunch, the New York-based multinational mass media corporation, AoL, is negotiating with Microsoft about the selling of the media player Winamp and its Internet radio SHOUTcast.
AoL plans to publicize its SHOUTcast’s closure next week.
The deal between AoL and Microsoft is not yet concluded and both companies are still bargaining for the price.
AoL, which owns Engadget, TechCrunch, and Huffington Post, plans on a bigger premeditated shift by giving its full attention to its web publishing and advertising businesses. Since, there are a lot of digital music companies putting up music audiences and evolving technologies, there’s no wonder why the company has decided to dispose Winamp and SHOUTcast.
The Redmond, Calif.-based software giant, Microsoft Corp., on the other hand, though it had its own hard luck with the music industry, did not lose hope and optimism and explored chances of gaining triumph with the music industry again. It’s a no secret for a lot of Xbox users that it invested so much with Xbox Music, a digital music service that provides music via ad-supported streaming, subscription streaming, and acquisition through the Xbox Music Store.
Xbox Music, which has more than 30 million tracks, is offered on Xbox 360, Windows RT, Windows Phone 8, Windows 8, Android devices, and iDevices.
Techcrunch tried to ask AoL over for information, comments, and reactions but did not succeed, and as of the moment, Techcrunch is still hopefully waiting to get a hold of details about the deal from Microsoft Corp.
