Sonic Solutions purchases consumer software division of Roxio
January 4, 2005
Sonic Solutions announced the completion of its purchase of Roxio's consumer software division. Under the terms of the transaction, Sonic is acquiring substantially all the business and assets of the division, including all products, intellectual property, and trademarks, and the Roxio name. More than 200 Roxio employees, based at several U.S. and international locations, will join Sonic. Roxio, which will retain the Napster division, has officially changed its name to Napster. The combined entity will be one of the largest digital media software companies in the world. Sonic is a leading developer of professional DVD video and audio authoring software.
For more information, visit www.sonic.com.
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