Sony Gets Acid, Sound Forge From Sonic Foundry

Sony Gets Acid, Sound Forge From Sonic Foundry
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Sonic Foundry said the sale of its desktop software business to Sony Pictures Digital has been completed for $19 million cash, the companies said. Sonic Foundry shareholders approved the sale Wednesday. Products involved in the sale include editing applications Acid, Sound Forge and Vegas.
Sony plans to continue to operate the business in Madison, Wis. About 70 former Sonic Foundry employees will become Sony Digital employees, the Milwaukee Business Journal reported. Sonic Foundry will retain 30 employees; it will use the money to pay off debt and fund operations for Web-based products. Earlier it sold its entertainment business assets to Deluxe Media Services Inc.

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