Sign-in / Sign-up

Intervideo wants controlling stake in Ulead

By - Source: Tom's Hardware | B 0 comment
Tags :

DVD software developer Intervideo announced plans to take a controlling stake in Ulead Systems to between 50.1 and 85 percent. The proposal suggests a purchase of 30.1 percent to 65 percent of Ulead shares and comes subsequent to a previous purchase of 18.5 percent of shares plus an additional 1.5 percent of shares to be purchased outside of the tender offer.

The deal is valued at between $23 and $49 million. The tender offer is scheduled to expire on April 13, 2005.

Ulead is known mainly for its video, imaging and DVD authoring software. (THG)

Discuss
This thread is closed for comments
0 comment