According to Bloomberg, Sony has hired Qatalyst Partners to look into a sale of its Gracenote audio-recognition software business.
Gracenote will become its own independent company, and has been owned by Sony since 2008.
The sources say Gracenote has revenues between $100 and $200 million per year.
Gracenote powers iTunes' track identifying software, and is also the basis for some song-recognition services and apps that rival Shazam. Gracenote tech is also used in most of Sony's consumer products, including TVs and smartphones/tablets.
Sony has been actively looking to trim the amount of divisions and the amount of products it offers.
The sources say Gracenote has revenues between $100 and $200 million per year.
Gracenote powers iTunes' track identifying software, and is also the basis for some song-recognition services and apps that rival Shazam. Gracenote tech is also used in most of Sony's consumer products, including TVs and smartphones/tablets.
Sony has been actively looking to trim the amount of divisions and the amount of products it offers.
