Corel Buys DVD Apps Maker InterVideo For $196M

the full article can be found over at PC Mag

Corel said Monday that it will acquire multimedia software provider InterVideo for about $196 million.

The deal will also include InterVideo’s majority interest in Ulead, tying the WinDVD, Ulead Photo Impact, Ulead VideoStudio, Ulead DVD Movie Factory, and Corel Paint Shop Pro brands together under one owner.

The acquisition is subject to InterVideo shareholder approval, regulatory approvals, and other customary closing conditions, the two companies said. Intervideo’s directors have signed voting agreements approving the merger. The transaction is expected to close in the fourth quarter of 2006 and to be accretive in the second quarter after closing.