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Sonic Completes DivX Buy

Novato-based Sonic Solutions, a developer of multimedia editing and other related digital media software, said today that it has completed its acquisition of DivX, a San Diego maker of video encoding and decoding devices. The deal had originally been announced in June, and at that time was worth $323M. DivX makes software used to encode and decode video, and licensed that technology to consumer electronics device makers.


 

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