Sony to Buy Software Unit of Sonic Foundry Including Vegas Video

by News Editor
Published on May 4, 2003 12:00 AM



Sony corporation has announced a deal with Sonic Foundry to buy their software development unit and all it's assets for $18 million.

Sonic Foundry produces Sonic Foundry's Acid, Sound Forge and Vegas Video series of products, as well as other related assets. Sony says that the software unit will remain in Madison, Wisconsin.

Sony recently released Sony Pictures Digital's Screenblast Movie Studio and Screenblast Music Studio video and music-mixing applications. The applications were produced in cooperation with Sonic Foundry and Sonic Foundry's processing was the backend for the applications.