Sonic Solutions Acquires DivX In $323 Million Deal

Posted Jun 2, 2010

Sonic Solutions has acquired digital media company DivX for $323 million as part of a cash and stock deal.  This deal puts DivX’s stock at about a $9.83 per share worth.  This is a 41% premium over Tuesday’s closing price at $6.95.  DivX is known for their codec software, which allows videos to be viewed across different players.  DivX earns most of its revenue from licensing technology to OEMs. [paidContent]