Corel Buys InterVideo

PC Magazine reports that Corel is expected to purchase InterVideo for $196M USD. InterVideo currently also holds the majority stake in Ulead too. Corel receives the controlling interest in Ulead with the acquisition of InterVideo as well. As with most acquisition news this isn’t official yet as the terms of the acquisition, shareholder approval, regulatory approval and other details haven’t been finalized yet. However, when the details are finalized Corel will own the WinDVD, WinRip, Photo Impact, DVD Movie Factory and other multimedia applications.

That’s quite a buy! Corel hasn’t exactly been a big player lately, so this could be a good way to boost stock. I’ve never been a fan of any Corel or InterVideo products, but I look forward to seeing where this goes.