Beats, which is now majority owned by HTC, has been looking to expand its ecosystem on mobile devices.
MOG founder and CEO David Hyman is expected to stay on with the company, but no details were revealed about the deal otherwise.
The rumors began in February at the Mobile World Congress when it was reported that HTC was looking to get into the music streaming business.
HTC is expected to integrate the service into all upcoming smartphones and tablets, just like Beats Audio is.
Written by: Andre Yoskowitz @ 2 Jul 2012 14:58
