DivX Gets Internet TV Technology

San Diego digital media company DivX (NASDAQ: DIVX) says it has acquired AnySource Media, a Malvern, PA-based developer of Internet television streaming technology that enables users to connect their TV to Internet-based content and services. The deal could be valued up to $15 million, with $7.5 million paid in cash upfront and another $7.5 million to be paid over three years when AnySource meets certain technical, revenue and distribution milestones.

Bruce V. Bigelow was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Follow @bvbigelow

Trending on Xconomy