Petteri Pyyny
28 Aug 2006 23:33
Corel announced on Monday that it has agreed to buy a DVD software maker InterVideo for $196 million.
InterVideo has been a major player in PC DVD software market for years now and its most famous product is its DVD player application, WinDVD. Company also develops variety of other DVD-related products, including DVD backup software called DVD Copy and DVD creation program called WinDVD Creator.
InterVideo also owns a majority share of Ulead Systems, one of the market leaders in DVD authoring and video editing software market.
The deal is still subject to InterVideo shareholder approval and regulatory approvals. Corel expects the deal to close in the fourth quarter of 2006.
Source: Corel press release