Rovi To Acquire Sonic Solutions For $720 Million

Rovi Corporation (NASDAQ:NOVI) has declared an intent to buy out Sonic Solutions as part of a $720 million deal. Sonic and Rovi will work together on creating digital video distribution software. Sonic is known for creating a premium programming service called RoxioNow. As part of the acquisition, Rovi will also gain ownership of DivX. The acquisition is expecting to close in early 2011. [paidContent]

Related posts:

1. Sonic Solutions Acquires DivX In $323 Million Deal
2. Google Plans To Acquire Global IP Solutions For $68.2 Million
3. How Sonic Hedgehog Controls Your Brain
4. Sonic Mountain, Parent Company of Odeo Acquiring Blog Search Engine, Blogdigger
5. News Roundup: Twitter Hover Cards, uTorrent 2.0, Sonic 4, Monster Acquires Hotjobs, WikiLeaks Raises Funding, Amazon Buys Touchco