Pinnacle sells Steinberg to Yamaha
|Tuesday December 21, 2004. 11:40 AM||Industry > Yamaha|
Pinnacle has announced that it has entered into a definitive agreement to sell its Germany-based Steinberg audio software business to Yamaha Corporation. The transaction, which is subject to regulatory approval, is expected to be completed during Pinnacle's third fiscal quarter ended March 31, 2005. As part of the transaction, Steinberg and Pinnacle will cross-license certain intellectual property on a royalty-free basis and Pinnacle will continue to distribute Steinberg's WaveLab Lite audio editing product with Pinnacle Studio Media Suite.
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