DivX inks agreement with Yahoo!
Shares of DivX, Inc. (Nasdaq: DIVX) jumped in pre-market trading after the provider of video software tools used to play and share high-quality video announced this morning that it has signed a “global” agreement with Yahoo! Inc. (Nasdaq: YHOO) to offer consumers who download DivX video software tools a co-branded version of the Yahoo! Toolbar and Internet Explorer 7 optimized for Yahoo!.
The Yahoo! offering is expected to launch early November 2007 and will replace third-party software previously distributed by DivX.
Shares of DIVX shot up $1.11, or 7.71%, to $15.50 in pre-market trading.
