"Microsoft Corp. today announced it has entered into an exclusivity agreement around its intention to acquire Musiwave SA, an Openwave company and a leading provider of mobile music entertainment services to operators and media companies. The acquisition would bring Musiwave’s relationships with music labels, device makers and mobile operators that deliver digital entertainment to consumers, together with Microsoft’s Connected Entertainment technologies and services, including Windows Mobile, Zune, MSN and Windows Live. Should the transaction proceed, Musiwave would continue to operate out of its current headquarters in Paris."
Microsoft could leverage Musiwave's strengths to give Windows Mobile, MSN, and Windows Live a little more media love, although with Zune being all the rage these days, it wouldn't be a huge surprise seeing it as the centre of attention here. We'll know more once the deal goes through.