Sony Bites Apple Strategy with Acquisition

Sony Pictures Acquires Sonic Foundry's Desktop Software Line

Friday, May 2 brought unexpected news to video and audio studios around the U.S. and beyond, as Sony Pictures Digital announced plans to purchase all of Sonic Foundry's desktop software products and related assets for $18 million cash, along with trade payables, accrued liabilities, and capital leases associated with the desktop software business.