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DivX buys video technologies provider MainConcept for $22 mln

Wed Nov 14, 2007 4:34pm EST

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Nov 14 (Reuters) - DivX Inc (DIVX.O) said it acquired MainConcept AG, a Germany-based provider of video technologies, in a cash and stock deal valued at about $22 million, with additional milestone payments of up to about $6 million.

Stocks  |  Mergers & Acquisitions

DivX, a maker of video compression software, said increased costs related to operations and the integration of MainConcept could impact its fourth quarter by about 2 cents to 3 cents a share.

The company said it expects the deal to add to quarterly earnings in the second half of 2008. (Reporting by Shikhar Balwani in Bangalore)

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