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Dolby to acquire low-bandwidth Swedish tech house

November 12th, 2007 · No Comments

Dolby Laboratories says it will acquire Swedish technology house Coding Technologies in a deal said to be worth 250 million dollars. Like Dolby, Coding Technologies has a number of proprietary algorithms which improve the efficiency of compressed audio formats like AAC+ and MP3Pro. Dolby says that the purchase will “broaden its technology portfolio and expertise for emerging low-bandwidth media applications.”

Tags: Broadcasting · Home cinema · Internet and networking · Trade

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