Luxembourg
– Jamendo, the provider of a website featuring free music downloads, published
via Creative Commons licenses, is actively seeking a sale or merger of the
company and has held talks with at least one suitor, TechCrunch reported.
Founded
in 2000, Luxembourg-based Jamendo last raised funding in June 2007 from Mangrove
Capital Partners, but has since failed in its attempts to raise a $2.15 million
follow-up round.
Along with free downloads, Jamendo also operates an online
marketplace where music may be licensed for use in multimedia projects, and as
background music.
The company told TechCrunch the service counts 2,300 paying
customers, and generated about $430,000 in 2009.
Related Links:
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(TechCrunch)
