This acquisition will broaden Dolby's technology portfolio and expertise for emerging low-bandwidth media applications. The acquisition is expected to close very soon and the closing mechanics are currently in process. Certain minority equity interests of Coding Technologies will remain outstanding and will be subject to mandatory buyout procedures under Swedish law. .

“By adding Coding Technologies’ expertise and high-efficiency audio compression to our portfolio of technologies and services, we will be better positioned to support our customers as they continue to move into more bandwidth-constrained delivery methods such as mobile networks and the Internet, said Bill Jasper, Dolby president and CEO.

Coding Technologies was founded in 1997 and has produced media technologies that are included in such open standards as 3GPP, 3GPP2, MPEG, DVB, Digital Radio Mondiale and DAB+. The acquisition is in process and expected to close shortly, pending mandatory buyout of minority equity interests of Coding Technologies in accordance with Swedish law.

http://www.codingtechnologies.com