Samsung announced today it is acquiring mSpot, a mobile cloud-based content service provider based in Palo Alto, California.

The acquisition will provide a cloud-based entertainment service for music, video and radio services for users of Samsung devices, while extending mSpot's cloud and streaming solutions to a broader base of global entertainment fans. mSpot's entertainment services will be a key integrated offering on newly announced Samsung mobile devices.

"mSpot shares our vision to bring a best-in-class cloud and streaming entertainment experience to consumers, and they've backed it up with innovative technical solutions from a great engineering team," said TJ Kang, Senior Vice President of Samsung Electronics' Media Solution Center.

The acquisition will include the full scope of technology, assets and human resources under mSpot. Further details of the transaction were not disclosed.