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Dealipedia - Dolby acquires Coding Technologies AB

Dolby acquires Coding Technologies AB for $250 million

Deal Participants:
Acquiring Company: Dolby View Profile Add Homepage Google Search
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Target Company: Coding Technologies AB View Profile Charts Homepage
Deal Financials:
Price: $250 million
Cash: $250.00 million
 
Date:
Announced: Nov 08, 2007

PRESS RELEASE

Nov 8 (Reuters) - Audio technology licensor Dolby Laboratories Inc (DLB.N: Quote, Profile, Research) said it agreed to acquire Coding Technologies AB, a privately held provider of audio compression technologies, for about $250 million.

The acquisition of Coding Technologies, which provides services to the mobile, digital broadcast and Internet markets, is expected to broaden Dolby's technology portfolio in emerging low-bandwidth media applications, the company said.

Coding Technologies, founded in Stockholm, has offices in Sweden, Germany, China and the United States. (Reporting by John Tilak; Editing by Vinu Pilakkott)

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Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/dealiped/public_html/deal_view_acquisition.php on line 746
Nov 20 '07
This version submitted by azstrik

 

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