Home › HTC sells Saffron Digital to Cinram for USD 47 mln
 

Keywords :   


HTC sells Saffron Digital to Cinram for USD 47 mln

2013-09-05 10:15:00| Telecompaper Headlines

(Telecompaper) HTC has agreed to sell Saffron Digital, a specialist in multi-screen video delivery, to Cinram for USD 47 million. HTC will retain a perpetual royalty-free licence to continue supporting digital media services on its devices, including the upcoming HTC Watch, on a worldwide basis. Cinram will pay an initial USD 7.5 million cash and the remainder in a five-year note of USD 39.5 million, bearing interest at 6 percent per year. HTC acquired UK-based Saffron in 2011 for GBP 30 million, as part of efforts to boost content services on its mobile devices. Based in Canada, Cinram provides manufacturing and logistics for CDs, DVDs and other digital media products.

Tags: digital usd sells htc

Category:Telecommunications

Latest from this category

All news
»
11.10UK-linked firms suspected of busting Russia sanctions
11.10Atlantic Tropical Weather Outlook
11.10Eastern North Pacific Tropical Weather Outlook
11.10How Chinas crackdown turned finance high-flyers into rats
11.10Why even at 20 you should care about pension changes
11.10Meet the team paid to break into top-secret bases
10.102025 CoatingsTech Conference: Call for Papers Abstracts Due October 15, 2024
10.10Post-Tropical Cyclone Milton Graphics
More »