MPower Enterprises

Paltalk Acquires Video Chat Provider Camfrog

admin — Wed, 20 Oct 2010 13:48:53 +0000

October 20, 2010 – Paltalk, the leading real-time, video-based community with more than four million active members, today announced its acquisition of Camfrog, one of Download.com’s top ten most popular downloads for the past five years, with over 60 million downloads. Paltalk is also acquiring videoconference.com which provides flash based videoconferencing technology.

The acquisition of Camfrog exponentially grows Paltalk’s global presence. Camfrog has localized its software in many different languages and is a top 500 site in terms of traffic in China, South Korea, Thailand, Turkey and the Philippines. Combined with Paltalk’s reach in the United States, Western Europe and the Middle East, the two companies officially make the largest company competing globally in the real-time group video conferencing space with over 12 million active users.

Sonic acquires DivX for about $326 million

admin — Wed, 02 Jun 2010 13:57:44 +0000

June 2nd, 2010 – Sonic Solutions said it will acquire DivX Inc. in a $326 million stock-and-cash deal as the digital-media provider moves to enhance online video offerings.

Holders of the maker of digital-media products such as video compression-decompression software will get 0.514 share of Sonic Solutions and $3.75 for each share, valuing the stock at $9.83 a share. That’s a 41% premium to Tuesday’s closing price.

Sonic expects the deal, which is planned to close in September, to potentially double its per-share earnings, excluding charges, in fiscal 2012, which starts April 1, 2011.

As part of its endeavor to improve its online video products, Sonic Solutions–which had traditionally provided software used to format, press and distribute about 90% of DVDs–has recently teamed up with Best Buy Co. for the transition to downloadable content.

Digital River Informed By Symantec That It Will Not Extend E-commerce Contract Beyond June 30, 2010 Expiration

admin — Fri, 09 Apr 2010 07:16:09 +0000

MINNEAPOLIS, October 12, 2009 – Digital River, Inc. (NASDAQ: DRIV), a leading provider of global e-commerce solutions, announced today that Symantec Corporation (NASDAQ: SYMC) has notified Digital River that Symantec will not extend its existing e-commerce agreement. The agreement, under which Digital River provides a variety of e-commerce-related services to Symantec, expires on June 30, 2010.

Symantec informed Digital River on Friday, October 9th that it expects to move all of the online traffic currently outsourced to Digital River to an internally developed Symantec e-commerce system before the current contract expires. Symantec has not yet informed Digital River regarding the timing of its migration plans or the nature of the support it will require from Digital River during the transition period.

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