Rovi Buys Sonic Solutions For $720M
Santa Clara-based Rovi Corporation said Wednesday that it is in a definitive agreement to acquire Novato-based Sonic Solutions, in a deal worth approximately $720M. Rovi said it would pay $14.17 per share for Sonic Solutions, which develops digital video processing software and othe products. Rovi is a developer of digital entertainment guide and other related products. Rovi said that, among the benefits of the acquisition, Roxio's RoxioNow digital media delivery service will expand its advertising distribution opportunity.
posted on Thursday, December 23, 2010
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