InterVideo Inc, a designer of DVD software, said it aims to buy a controlling stake in Ulead Systems Inc (
InterVideo, which owns 18.5 percent of Taipei-based Ulead, has made an offer to buy an additional 30.1 percent to 65 percent stake, the Fremont, California-based company said yesterday in a statement.
InterVideo will offer NT$30 (US$0.97) per share for the Ulead stake, which is a 4.3 percent premium to yesterday's closing price on the Taiwan Stock Exchange. The Ulead purchase will be worth between US$23 million and US$49 million, InterVideo said.
Ulead's video- and still-image editing software will add to profit for InterVideo this year, the California company said.
InterVideo said it expects to expand sales in Asian markets with Ulead's help.
"This investment in Ulead is a key component of InterVideo's growth strategy to augment its existing presence in Asia and enhance its ability to deliver innovative products for the convergence of the consumer electronic and PC markets," stated Steve Ro (
Ro, a Taiwanese native, founded the DVD and multimedia software company in 1998 in Fremont, California. Currently, the company has set up three offices in Taipei, Shanghai and Tokyo, according to information posted on the company's Web site.
InterVideo offers a broad suite of digital video and audio multimedia software products -- including the ever-popular WinDVD software -- that allow users to record, edit, author, distribute and play digital multimedia content on PCs and other devices.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
China yesterday announced anti-dumping duties as high as 74.9 percent on imports of polyoxymethylene (POM) copolymers, a type of engineering plastic, from Taiwan, the US, the EU and Japan. The Chinese Ministry of Commerce’s findings conclude a probe launched in May last year, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc, and have various applications, including in auto parts, electronics and medical equipment, the Chinese ministry has said. In January, it said initial investigations had determined that dumping was taking place, and implemented preliminary
Intel Corp yesterday reinforced its determination to strengthen its partnerships with Taiwan’s ecosystem partners including original-electronic-manufacturing (OEM) companies such as Hon Hai Precision Industry Co (鴻海精密) and chipmaker United Microelectronics Corp (UMC, 聯電). “Tonight marks a new beginning. We renew our new partnership with Taiwan ecosystem,” Intel new chief executive officer Tan Lip-bu (陳立武) said at a dinner with representatives from the company’s local partners, celebrating the 40th anniversary of the US chip giant’s presence in Taiwan. Tan took the reins at Intel six weeks ago aiming to reform the chipmaker and revive its past glory. This is the first time Tan
RSS