Today's Globe & Mail Stocks to Watch NeuLion, Inc. said it has signed a definitive agreement to purchase DivX LLC, which will expand its footprint in the online video market. The purchase price is roughly $62.5-million (U.S.), and will be financed through $37.5-million in stock and $25-million in debt. The transaction is expected to close in the first quarter of 2015.
"By delivering interactive viewing experiences to consumers watching live and on-demand content on digital platforms, from desktop to mobile to connected devices, NeuLion has built a roster of the best known brands in professional and college sports and TV Everywhere, such as NFL, NHL, NBA, UFC, Rogers and CCTV," said chief executive officer Nancy Li. “Now, we are extending our franchise and bolstering our capabilities with our acquisition of DivX's entertainment and consumer electronics customers, advanced 4K video enabling technology products and expansive geographic reach.”