DivX, Inc. (DIVX)

[B7$4]

"DIVX News" Sonic to buy DivX in $323 million deal

http://www.marketwatch.com/story/sonic-to-buy-divx-in-323-million-deal-2010-06-02

http://www.prnewswire.com/news-releases/sonic-to-acquire-divx-95398514.html

LONDON (MarketWatch) -- Digital media company Sonic Solutions /quotes/comstock/15*!snic/quotes/nls/snic (SNIC 11.83, -0.06, -0.50%) said Wednesday that it will buy DivX Inc. /quotes/comstock/15*!divx/quotes/nls/divx (DIVX 6.95, -0.27, -3.74%) in a cash and stock deal. Sonic said it will pay $3.75 in cash and 0.514 of its own shares for every DivX share. The offer was worth $9.83 a share at Tuesday's closing price, or around $323 million in total. The price is a 41% premium to Tuesday's closing price for DivX shares. Sonic said the deal is expected to close in September and could potentially double its adjusted earnings per share in fiscal 2012.