Sonic to Acquire DivX

Combination Creates Digital Video Delivery Powerhouse; Streamlines "Over the Top" Distribution of Hollywood Movies Novato and San Diego, CA (June 2, 2010) - Sonic Solutions (NASDAQ:SNIC) and DivX, Inc. (NASDAQ: DIVX) today jointly announced that they have signed a definitive merger agreement for Sonic Solutions to acquire DivX, Inc., a leading digital media company, based in San Diego, California. Under the terms of the agreement,...(read more)

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Fri, 2010-06-04 19:05