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12.20.2004 - Sonic Solutions Completes Purchase of Consumer Software Division of Roxio



View SonicSolutions related news. Marin County, California (December 20, 2004) — Sonic Solutions (NASDAQ: SNIC) today announced the completion of its purchase of Roxio’s consumer software division. Under the terms of the transaction, previously announced, Sonic is acquiring substantially all the business and assets of the division, including all products, intellectual property, and trademarks, including the Roxio name. More than 200 Roxio employees, based at several U.S. and international locations, will join Sonic. Roxio, Inc., which will retain the Napster division, has officially changed its name to Napster, Inc.

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NID: 5048 / Submitted by: TACKtech Team
Categories: CD and DVD Applications, Press Release
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