Parallax Capital Partners and StepStone Group have acquired Rovi Corp.'s (Nasdaq: ROVI) DivX and MainConcept businesses in adeal valued up to $75 million.

DivX is a video player, converter and media server. MainConcept develops video compression technology.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.