Thomson Grass Valley Vows to Acquire Canopus

DMN By Charlie White hiroCompany officials cite synergy in craft editing and codecs, sales channel in Japan as motivation Thomson Grass Valley acquires CanopusThomson Grass Valley signed an agreement to buy Canopus in a deal estimated to be worth $107.6 million. The company bought a third of Canopus from the company’s founder Hiro Yamada, and will launch a tender offer for the other two thirds of the company on December 6, 2005. In a teleconference, Thomson vowed to acquire 100% of Canopus and integrate it fully into Grass Valley. The company emphasized the strong editing capabilities of Canopus products and its advanced codecs and research and development as the most compelling reasons for the purchase. Canopus is a Japan-based source of digital video and graphics hardware and software for broadcasters and video professionals, as well as prosumers and video enthusiasts. Through its Edius line of editing products, the company offers a variety of both software and hardware editing systems. The company is also known for its advanced codec technologies, including DV codecs, MPEG products and, of particular interest to Thomson, its HDV codec which will add the ability to ingest and edit the new low-cost high definition format to the Thomson Grass Valley line. read more...

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