Roxio to acquire MGI

by | Dec 4, 2001 | | 0 |

Roxio, creators of Toast, today announced it will acquire MGI Software—creators of the popular PhotoSuite and VideoWave products—for about US$32.8 million in stock. “The combination of Roxio and MGI is key to Roxio’s long-term strategy of providing a world-class suite of digital media products and is expected to result in the industry’s most comprehensive product line-up for consumers to enjoy digital media,” reads a part of the press release.

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