Wednesday August 30, 2006 7:40 pm
Corel to buy InterVideo
Pending shareholder and regulatory approval, Corel plans to acquire InterVideo for a cool $196,000,000.00. The deal will include InterVideo’s interest in Ulead as well, giving Corel the rights to WinDVD, Ulead Photo Impact, Ulead Video Studio, Ulead DVD Movie Factory and others.
The acquisition is intended to help increase revenue and earnings growth through InterVideo’s OEM PC contracts, but should also benefit the customer putting InterVideo’s talented graphic design products together with Corel’s Paint Shop Pro. This will definitely lead to the availability of some great software packages.
Corel plans to pay for InterVideo’s assets using cash reserves, debt financing and Intervideo’s cash. The acquisition is expected to close towards the end of the year.
Read More | Yahoo!