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Pinnacle to Sell Steinberg Software Business to Yamaha

Yamaha is buying Steinberg audio software business from Pinnacle (opens in new tab).

The deal--which requires regulatory approval-is expected to be complete by March 31, 2005.

Under the terms of the deal, Hamburg-based Steinberg and Pinnacle will cross-license some intellectual property. Pinnacle will continue bundle its Studio Media Suite with the Steinberg WaveLab Lite audio-editing gear.

"For Pinnacle Systems, this decision continues to tighten the company's focus on our core strengths in the digital video solutions market," said Patti Hart, CEO of Pinnacle.