[Reuters] Rovi to buy Sonic for $720 million, widens digital

Posted by: UGN Security

[Reuters] Rovi to buy Sonic for $720 million, widens digital - 12/23/10 04:31 PM

NEW YORK/BANGALORE (Reuters) - Rovi Corp will pay $720 million in cash and stock to buy Sonic Solutions, which owns the popular digital video player software DivX, in a bid to broaden its footprint across the digital entertainment space.