Dolby to Acquire Doremi Labs
February 24, 2014, 05:59 PM
http://www.dmwmedia.com/news/2014/02/24/dolby-to-a...
Dolby Laboratories, the San Francisco-based audio technology company, said on Monday it will pay $92.5 million in cash to acquire Burbank-based Doremi Labs, a maker of digital cinema video playback systems. The value of the deal, expected to close by the end of 2014, could rise by as much as $20 million, based on Doremi’s performance over the next four years. “Dolby and Doremi Labs have complementary technology expertise and solutions,” said Kevin Yeaman, the president and CEO of Dolby.
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