twice connect
careers

Corel Buys InterVideo

9/01/2006 07:47:00 AM Eastern

Ottawa, Canada - Corel said it would buy video software maker InterVideofor $196 million.

The move brings greater video editing capabilities, including HD-DVD and Blu-Ray HD video authoring, into Corel’s stable of graphics and digital imaging products. InterVideo acquired a majority interest in Ulead in 2005, which also makes imaging and video editing software, in 2005. Corel will acquire Ulead’s titles as well as InterVideo’s.

Corel would not indicate whether it intends to keep the Ulead and InterVideo software titles – as it has with the PaintShop brand it acquired when it purchased Jasc Software in 2004.

The acquisition is subject to InterVideo shareholder approval, regulatory approvals, and other customary closing conditions. The transaction is expected to close in the fourth quarter of 2006.

PHOTOS
Nationwide PrimeTime 2014

Scenes from Nationwide PrimeTime buy fair held in

ProSource Meeting Filled With Optimism

San Antonio — Optimism reigned at ProSource’s

Ingram Draws 500 To Spring Vendor Expo

Scottsdale, Ariz. — Ingram Micro Consumer

CEA Holds ’14 Digital Patriots Dinner

Washington — CEA held its annual Digital Patriots’

8 Technology Accessories For a Greener Earth

An Earth Day review of Earth-friendly products, by

BrandSource Shows Diverse Product Selection

BrandSource’s Summit show at the Marriott World

Scenes From Toy Fair

By Lisa Johnston