Sonic Solutions Buying Video Experts DivX to Power Future Net Movie Streaming

Sonic Solutions just announced it's buying out DivX for a whopping $323 million. If you don't know who these companies are, it doesn't matter--you've almost certainly used their products, and the deal is all about the future of TV on the Net.

The acquisition is a straight share buyout, worth $9.83 per share at yesterday's stock closing price, meaning Sonic Solutions could be paying something around $323 million for DivX Inc. That's a 40%+ premium over DivX's price, demonstrating the strength...