Monday, July 2, 2012

MOG Acquired By Beats Electronics

Berkeley-based MOG, the online, streaming music services, has been acquired by electronics maker Beats Electronics. Beats Electronics is the maker of the Beats By Dr. Dre headphones. Financial terms of the buy were not disclosed. MOG was venture backed by Angels Forum, Balderton Capital, Menlo Ventures, Simon Equity Partners, Sony Music Entertainment, and Universal Music Group.