Sonic Solutions to buy DivX in $323M bid to become digital media leader

Sentinel King · Jun 22, 2010

WOW! I never realised all before this! Right before my very own eyes. I don't know if I should be happy or not. Divx's the latest version has released earlier this year, but was very crappy as I've been told. So..here's the article..kind of a bit late old news..but ok..!

Sonic Solutions has agreed to buy digital media firm DivX for $323 million as part of a plan to become a leader in the delivery of Internet video.

Novato, Calif.-based Sonic, which owns the Roxio DVD burning suite and the CinemaNow movie-download service, has agreed to buy San Diego, Calif.-based DivX for $3.75 a share in cash and 0.514 shares of Sonic common stock for each share of DivX. The acquisition is subject to shareholder approval and is expected to close in September.

http://media.venturebeat.com/2010/06/02/sonic-solutions-to-buy-divx-in-323m-bid-to-become-digital-media-leader/

Serious, guys. Please share your thoughts on this!

Sonic Solutions to buy DivX in $323M bid to become digital media leader

Sentinel King

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Sonic Solutions to buy DivX in $323M bid to become digital media leader

Sentinel King

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