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November 12, 2007
VC-Backed Coding Technologies Acquired By Dolby for $250M
Stockholm-based Coding Technologies, a ten year old developer of audio compression tech for mobilephone, digital radio, and Internet content is to be acquired by Dolby for $250M net of cash.
The Swedish/German company is behind several de-facto standards, points out EE Times, including aacPlus and MP3pro. It received early stage backing from CIMON, a Swedish early stage investor.
The a:c euro notes that Verdane, formerly Four Seasons Venture, lists Coding Technologies as a portfolio company too.
[via]
Read - EETimes.com - Dolby pays quarter billion dollars for Coding Technologies
Posted on November 12, 2007 06:46 AM | Posted to News And Updates | Specialized Software | Permalink
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