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FABULOUS!!
"OTTAWA — Software firm Corel Corp. has signed a definitive agreement to acquire InterVideo in an all-cash deal worth about $196-million (U.S.)."
"The deal, announced Monday, is worth $13 per share and will be financed through a combination of cash reserves, debt financing and InterVideo's cash and cash equivalents."
"Corel plans to expand its brand in Asia, an area where InterVideo has a strong presence, noting key markets include China, Taiwan and Japan."
"InterVideo supplies multimedia DVD software that allows users to record, edit, author, distribute and play digital content on PCs and other devices."
"The company has also recently completed HD-DVD and Blu-Ray programs.
VERY SMART MOVE by Corel!!
I am an enthusiastic user of Corel's Draw and Corel's Photo-Paint products.
This is going to be great.
Jerry Jones
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