Friday, September 3, 2010
DivX Signs Deal In Europe
San Diego-based DivX, which develops video encoding and decoding technology, has signed on a European manufacturer of televisions, Arcelik A.S. According to DivX, Arcelik will distribute DivX Plus HD Certified digital TVs in Europe. Financial terms of the win were not disclosed. Arcelik is based in Turkey. DivX develops video encoding and decoding technology, which it licenses to consumer electronics manufacturers. The firm is in the midst of being acquired by Sonic Solutions.