[img]http://www.blogcdn.com/www.engadget.com/media/2010/12/rovi-sonic-12-23-2010-1293139752.jpg
[/img]Rovi Corporation has already gone though a few significant
transformations -- it was once the DRM-centered company known as
Macrovision -- and it's now set to undergo another big one. The
company has just announced a "definitive agreement" to acquire Sonic
Solutions in a deal valued at $720 million. Among other things, Sonic
owns RoxioNow (the service formally known as CinemaNow), which will
give Rovi access to over 10,000 movies and TV shows, and Sonic also
just acquired DivX earlier this year, which Rovi points out has a
presence on more than 350 million consumer electronics devices. Head
on past the break for the official press release, and look for the
deal to close sometime in the first quarter of next year if all goes
according to plan.
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