Macrovision to Acquire Security Technology

Nov 20, 2007


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Macrovision Corporation announced that it has signed a definitive agreement to acquire certain technology assets from Cryptography Research, Inc. (CRI), the San Francisco-based R&D organization focused on solving complex security problems. Upon closing of the transaction, Macrovision will own the SPDC (Self-Protecting Digital Content) technology, which formed the basis of BD+, a key element of Blu-ray's content security platform. The purchase includes certain CRI's patents, security software code, and related third party customer and partner agreements. Macrovision will also hire certain CRI employees involved in the technology. The consideration for the SPDC assets is $45 million in cash plus warrants exercisable for Macrovision stock, a portion of which are subject to certain performance milestones. The transition is subject to customary closing conditions and Macrovision expects it to close in the fourth quarter of 2007 and be slightly accretive to 2008 earnings.

(www.macrovision.com, www.cryptography.com)