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Autodesk Inc Signs Agreement To Acquire Socialcam
Autodesk Inc announced that it has signed a definitive agreement to acquire Socialcam for a purchase price of approximately $60 Million. Socialcam is a mobile social video capture, editing and sharing app and service that was launched in 2011. This transaction is expected to close in Autodesk’s third quarter of fiscal 2013 and is subject to customary closing conditions. Socialcam is a smartphone application and web-based service that makes it easy to capture, edit and share videos.
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