Low-bandwidth expertise tempts Dolby

Dolby Laboratories is set to acquire Coding Technologies for a purchase price of approximately US $250 million net of cash.

Dolby Laboratories has signed a definitive agreement to acquire Coding Technologies, the privately held provider of audio compression technologies for the mobile, digital broadcast and Internet markets, for a purchase price of approximately US $250 million net of cash.

This acquisition will broaden Dolby's technology portfolio and expertise for emerging low-bandwidth media applications.

The acquisition is expected to close very soon and the closing mechanics are currently in process.

Certain minority equity interests of Coding Technologies remain outstanding and are subject to mandatory buyout procedures under Swedish law.

"Dolby is committed to and focused on delivering innovative entertainment technology solutions to our customers and licensees".

"By adding Coding Technologies' expertise and high-efficiency audio compression to our portfolio of technologies and services, we will be better positioned to support our customers as they continue to move into more bandwidth-constrained delivery methods such as mobile networks and the Internet", says Bill Jasper, President and CEO, Dolby Laboratories.

"In addition to extending our portfolio of solutions, we are adding the talent and knowhow of Coding Technologies' employees".

"We share a passion for technology and entertainment and a focus on innovation".

"We have long respected Dolby for its commitment to entertainment technology and its innovative approach", says Martin Dietz, CEO and President, Coding Technologies.

"We are pleased to join forces with Dolby and provide an additional line of complementary technologies to our customers".

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