Sonic Solutions buys DiVX

Sonic Solutions buys DiVX http://bit.ly/dmOsar Seems like an odd purchase to me but here’s the rationale from Sonic:

“Sonic has been…developing technologies for the preparation and delivery of entertainment content in popular formats — CD, DVD, Blu-ray Disc and most recently Internet delivery of video..DivX is expected to enable Sonic to deepen and broaden the technology it offers for Internet-based video delivery and expand its relationships with leading retailers and consumer electronics manufacturers.” Fair enough. and also puts DivX out of its small-cap and low profile misery over the years.

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