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11.14.2007 - DivX Acquires MainConcept AG, Leading Provider of H.264 Technology

View DivX related news. SAN DIEGO & AACHEN, Germany, Nov 14, 2007 (BUSINESS WIRE) -- DivX, Inc. (NASDAQ:DIVX) today announced it has acquired MainConcept AG, a leading provider of H.264 and other high-quality video technologies for the broadcast, film, consumer electronics and computer software markets. The acquisition is a stock and cash transaction valued at approximately $22 million with additional payments of up to approximately $6 million upon the achievement by MainConcept of certain product development goals and certain financial milestones during 2008.

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NID: 19081 / Submitted by: TACKtech Team
Categories: Press Release
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