Corel aquires InterVideo & Ulead

Corel Corporation today announced the completion of its acquisition of InterVideo, Inc., a leading provider of digital media authoring and playback software with a focus on high-definition video and DVD technologies. Corel purchased InterVideo for $13.00 per share of InterVideo common stock resulting in an aggregate acquisition price of $198.6 million in an all-cash transaction.

This may seem like a “small” acquisition compared to some recent ones, but this is a huge win for Corel. They already have a huge lineup of their own software, so adding these two companies into the equation should help them make a greater impact in the video market.