Rovi Selling DivX 和 MainConcept, Focusing on 搜索
Digital 娱乐 company Rovi is slimming down 和 focusing on its core business: 娱乐 discovery. That's why the company announced it's selling its DivX 和 MainConcept businesses. Parallax Capital Partners 和 StepStone 是新主人吗?, paying up to $75 million in cash 和 possible future payments if certain milestones are met. The deal closed earlier this week.
Parallax is a private equity firm with a history of buying 和 running application software companies. It snapped up over 20 companies since 1999. StepStone is an independent private equity asset management company. It oversees over $60 billion in private equity allocations.
"DivX has an established leadership position in the digital video market place widely recognized for their expertise 和 innovation driven by a strong management 和 delivery team,詹姆斯·黑尔说, managing partner for Parallax. "We are excited to help author the company's next chapter as a premier supplier of innovative answers for content providers, OTT (over-the-top) delivery, 服务提供商, multi-screen 4K/Ultra HD playback, live IP based content delivery, 和更多的."
Having a strong group of investment partners will let DivX create more seamless video experiences in the future, 博士补充说. Kanaan Jemili, CEO of DivX.
DivX has over 200 million users worldwide 和 is used for video playback on over 1 billion devices. DivX introduced an end-to-end HEVC solution last year.
In December, 2010, Rovi bought Sonic Solutions, which owned DivX, for $720 milion in cash 和 stock. Prior to that, in June of the same year, Sonic had purchased DivX for $323 million.
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