Corel Buys DVD Apps Maker InterVideo For $196M
Corel said Monday that it will acquire multimedia software provider InterVideo for about $196 million.
The deal will also include InterVideo's majority interest in Ulead, tying the WinDVD, Ulead Photo Impact, Ulead VideoStudio, Ulead DVD Movie Factory, and Corel Paint Shop Pro brands together under one owner.
The acquisition is subject to InterVideo shareholder approval, regulatory approvals, and other customary closing conditions, the two companies said. Intervideo's directors have signed voting agreements approving the merger. The...
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