UPDATE 1-Sonic to buy DivX for about $323 million

* Deal values DivX at $9.83 per share

* Deal at premium of about 41 pct over DivX's Tuesday close

* Sonic sees deal to add to adj earnings in 2012

* DivX shares rise 24 pct before the bell

June 2 (Reuters) - Sonic Solutions SNIC.O agreed to acquire video compression software maker DivX Inc DIVX.O for about $323 million in cash and stock to boost its Internet-based video delivery products.

The deal values DivX's stock at about $9.83 per share, which represents a premium of about 41 percent over its Tuesday closing price of $6.95.

Sonic expects the acquisition to potentially double its adjusted earnings in 2012.

Sonic said it will pay $3.75 per share in cash and 0.514 shares for each share of DivX.

In case of termination, DivX will have to pay a fee of $8.35 million, the companies said.

Shares of DivX rose about 24 percent before the bell. Shares of Sonic closed at $11.83 Tuesday on Nasdaq.

For related alerts, click [ID:nWNAB5459] (Reporting by Manasi Phadke in Bangalore; Editing by Anil D'Silva)