DivX to team up with Qualcomm
Shares of DivX, Inc. (Nasdaq: DIVX) are edging higher in pre-market trading after the maker of video-compression software reported that it has inked a licensing agreement with Qualcomm.
Under the agreement, Qualcomm will include DivX technology in a range of Qualcomm video-enabled chipsets. The product will potentially allow consumers to access DivX video on a variety of mobile devices powered by Qualcomm’s chipsets.
Shares of DivX edged up $0.45, or 3.25%, to $14.29 in pre-market trading.
