Dolby Laboratories, Inc., is acquiring Coding Technologies AB, a privately held provider of audio compression technologies for the mobile, digital broadcast and Internet markets, for a purchase price of approximately $250 million. According to Dolby, the move broadens the company's technology portfolio and expertise for emerging low-bandwidth media applications. The acquisition is expected to close very soon and the closing mechanics are currently in process, Dolby reports.
"Dolby is committed to and focused on delivering innovative entertainment technology solutions to our customers and licensees. By adding Coding Technologies' expertise and high-efficiency audio compression to our portfolio of technologies and services, we will be better positioned to support our customers as they continue to move into more bandwidth-constrained delivery methods such as mobile networks and the Internet," says Bill Jasper, President and CEO, Dolby Laboratories. "In addition to extending our portfolio of solutions, we are adding the talent and know-how of Coding Technologies' employees. We share a passion for technology and entertainment and a focus on innovation."
For more information, visit www.dolby.com.
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