Corel Buys InterVideo for $196 Million in Cash
Corel on Monday announced an agreement to acquire multimedia software publisher InterVideo, most known for its WinDVD lineup, in an all-cash deal valued at $196 million. The move expands Corel’s portfolio into video editing and DVD creation.With its office products largely reaching their peak amid increasing competition from OpenOffice.org, Corel has endeavored to shift its software business into multimedia. The company acquired JASC Software and its popular Paint Shop Pro offering in 2004 and is readying a new imaging platform code-named “Alta.”
BetaNews | Corel Acquires InterVideo for $196M
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