Microsoft says in talks to buy Musiwave

NEW YORK (Reuters) - Microsoft Corp (MSFT.O) said on Monday it has entered exclusive talks to buy mobile music service company Musiwave, a unit of Openwave Systems Inc (OPWV.O).

Microsoft said an acquisition would bring Musiwave's relationships with music labels, device makers and mobile operators together with Microsoft's Connected Entertainment technologies including Windows Mobile, Zune and MSN.

If the transaction proceeded, Musiwave would continue to operate out of its current headquarters in Paris.

(Reporting by Yinka Adegoke, editing by Gerald E. McCormick)