Corel® has entered into a definitive agreement to acquire the Roxio® product line from Rovi Corporation (NASDAQ: ROVI). Financial details of the agreement were not disclosed. The acquisition is expected to close in February 2012.
Upon completion of the acquisition, Corel will own the Roxio product line, including Roxio Creator, Roxio Toast, Roxio® Game Capture, Roxio® Easy VHS to DVD, Roxio® CinePlayer® DVD Decoder, Roxio® BackOnTrack™ Suite, and Roxio® Secure.
Rovi acquired Roxio as part of its $720 million acquisition of Sonic Solutions (formerly NASDAQ: SNIC) in December 2010.
In December 2004, Sonic Solutions acquired the consumer software division and the Roxio name from Roxio, Inc. (now Napster, Inc.) for US $Subscriber content million.
