Sony Corp. has agreed to sell its Gracenote audio-recognition software business to Tribune Co. for $170 million, part of its effort to shed units as it focuses on fewer products.
Tribune will combine Gracenote with its media services division, which provides digital data on TV shows and movies, the Chicago-based broadcasting and publishing company said Monday in a statement.
Sony acquired Gracenote in 2008 for about $260 million. The unit has annual sales of $100 million to $200 million, a source with knowledge of the business said last week.
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