Rovi Corporation Acquires Sonic Solutions For $720M
Rovi Corporation has decided to spread it tentacles wider in the digital home solutions market place with the acquisition of Sonic Solutions. Both companies made the joint announcement last week that the Rovi will acquire Sonics in through a combination of stocks and shares worth about $720 million US dollars. With the acquisition of Sonic Rovi has stepped into the digital video processing, playback and distribution technologies.