Sonic Solutions Buys DivX For $300M
The companies jointly announced the definitive merger agreement Wednesday, saying Sonic would acquire all of DivX's outstanding shares and merge DivX's operations into its own.
DivX stockholders would receive a combination of cash and stock equal to $3.75 in cash and 0.514 shares of Sonic common stock for each share of DivX they hold, according to the companies.
The acquisition, which...
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