HP Buys Melodeo

Confirming earlier reports, Hewlett-Packard said this afternoon that it had indeed acquired Melodeo, creator of the nuTsie mobile media streaming app. Terms of the deal weren’t disclosed, but TechCrunch, which first reported it, valued it at $30 million to $35 million. What is HP’s plan for Melodeo? The company didn’t say, but it likely involves another of its recent acquisitions: Palm.