Microsoft closed its acquisition of Nokia’s devices and services business earlier this year. Apart from getting the company’s smartphone lineup, talent and rights to its brand, Microsoft also got MixRadio as part of this deal. MixRadio is a music streaming service that Nokia launched a couple of years back, its not too different from the likes of Pandora. A report published today suggests that Microsoft might be looking to spin off MixRadio into a separate entity and subsequently unload it to a buyer.
Even though nothing has been officially confirmed as yet, TechCrunch reports that Microsoft is currently on the look for investors that might be interested in acquiring Nokia MixRadio as an independent entity. Apparently this process is making “good progress” and a deal might be announced soon if talks don’t fall through.
The report doesn’t point out to which investors Microsoft is talking with regarding MixRadio’s sale. It might be a company that’s looking to expand into music streaming or one that simply wants to diversify by having a music streaming service like MixRadio under its belt.
Microsoft already runs a similar service called Xbox Music so it would make sense for the folks at Redmond to consider unloading MixRadio, and when it ultimately happens, it will be a move that’s hardly going to surprise anyone.