PE Firm Picks Up Macrovision’s Stake In Digimarc
By Rafat Ali - Thu 06 Mar 2008 01:40 PM PST
Yesterday we reported that Macrovision (NSDQ: MVSN), as part of its quest to to pare back on non-core holdings, sold off all 2.01 million of its shares in watermarking firm Digimarc (NSDQ: DMRC) to an unspecified third party. Now we have learned that the buyer is a private equity firm, though we have not yet been able to ping down the name of the PE firm. If you know, ping us on it using the Tip box in the left column.
Based on Digimarc’s most recent share count, the stake sale represents about 10.5 percent of the company. And it would be worth about $17 million based on yesterday’s Digimarc share price, although we don’t actually know what they got in the transaction.
Posted in: VC+M&A, Mergers & Acquisitions
Tags: digimarc, macrovision,
