Saturday, November 25, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Websites Track Everything You Do, Researchers Found
Atomic Switches Pave The Way For Neuromorphic Chipsets
Samsung to Showcase Large Micro LED TV at CES: report
Samsung Foundry in Advanced Discussions With New Customers for 7nm Chips
Tesla Finished Installing the World's Largest Mega-battery in Australia Within 100 Days
Apple Applies for Patent on Foldable Display
HP Patches Code execution Bug in Enterprise Printers
YouTube Takes More Steps to Tackle Down Videos Inappropriate for Minors
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Rovi Se...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, March 31, 2014
Rovi Sells DivX and MainConcept Businesses


Rovi has entered into a definitive agreement to sell its DivX and MainConcept businesses.

Rovi had previously announced its intent to sell the DivX and MainConcept businesses by the end of the second quarter of 2014 as part of Rovi?s efforts to focus on its core entertainment discovery technologies and services.

The DivX and MainConcept businesses were purchased by Parallax Capital Partners and StepStone Group. Under the terms of the agreement, Rovi will receive up to $75 million in a combination of cash and additional payments based on the achievement of certain agreed upon milestones. The transaction is expected to close by April 1, 2014.

"The sale of DivX was the last of a number of significant steps we've taken over the past year to realign the organization for sustainable, long-term growth and I'm pleased we met our commitment to complete this transaction, and did so ahead of schedule," said Thomas Carson, President and CEO, Rovi Corporation. "We are now well-positioned to deliver innovative discovery solutions that help service providers and other companies involved in content distribution excite, personalize, and monetize the entertainment experience."




Previous
Next
Atmel and Corning To Offer Ultra-thin Touchscreens        All News        SanDisk Releases New Enterprise SATA SSDs
Atmel and Corning To Offer Ultra-thin Touchscreens     General Computing News      Turkey Intercepted Google's Public DNS

Get RSS feed Easy Print E-Mail this Message

Related News
Angry Birds Maker Targets $1bn Valuation
Rovio Still In Red
Rovio Plans Job Reductions
Angry Birds 2 Coming This Month
Angry Birds Return In Lego
Rovio to Slash 130 Jobs
Rovi Patent License Agreement with Samsung
Angry Birds Epic Now Available Worldwide
Rovi Loses Patent Lawsuit Against Amazon
Hacker Took Over Angry Birds Site
Rovi Renews Patent Licensing Agreement with Sony
Rovi Signs New Patent License Agreements With Samsung, Google And Sharp

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .