In a press release issued this morning, Microsoft announced its plans to acquire French mobile music company Musiwave.  The company is a leading provider of mobile music entertainment services to operators and media companies.  According to the press release:

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.

MusiWave provides the technology behind the new T Mobile Music Jukebox, and provides technology, marketing, and content for mobile operators and music companies.