Wednesday, August 19, 2009
DivX Gets Settlement From Yahoo On Toolbar Lawsuit
San Diego-based DivX reported Wednesday that it has reached a settlement with Internet portal Yahoo!, over a contract dispute concerning a cobranded Toolbar deal made between the firms in September of 2007. The firm said the settlement would boost its earnings by $0.29 per diluted share, or around $9.47M based on its shares outstanding. DivX sued Yahoo in November of 2008, after Yahoo backed out of a deal to offer its toolbar to users who downloaded video software from DivX.