DivX Acquires Main Concept AG, Leading Provider of h.264 technology
DivX Acquires MainConcept AG, Leading Provider of H.264 Technology
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.