Wednesday, August 19, 2009

DivX Gets Settlement From Yahoo On Toolbar Lawsuit

San Diego-based DivX reported Wednesday that it has reached a settlement with Internet portal Yahoo!, over a contract dispute concerning a cobranded Toolbar deal made between the firms in September of 2007. The firm said the settlement would boost its earnings by $0.29 per diluted share, or around $9.47M based on its shares outstanding. DivX sued Yahoo in November of 2008, after Yahoo backed out of a deal to offer its toolbar to users who downloaded video software from DivX.

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