Coding Technologies


http://investor.dolby.com/ReleaseDetail.cfm?ReleaseID=274917
http://www.codingtechnologies.com/
San Francisco and Stockholm, Sweden, November 8, 2007
? Dolby Laboratories, Inc. (NYSE: DLB) today announced that it has
signed a definitive agreement to acquire Coding Technologies AB, a
privately held provider of audio compression technologies for the
mobile, digital broadcast, and Internet markets, for a purchase price of
approximately $250 million net of cash. This acquisition will broaden
Dolby?s technology portfolio and expertise for emerging low-bandwidth
media applications. The acquisition is expected to close very soon and
the closing mechanics are currently in process. Certain minority equity
interests of Coding Technologies remain outstanding and are subject to
mandatory buyout procedures under Swedish law. ?Dolby is committed to
and focused on delivering innovative entertainment technology solutions
to our customers and licensees. By adding Coding Technologies? expertise
and high-efficiency audio compression to our portfolio of technologies
and services, we will be better positioned to support our customers as
they continue to move into more bandwidth-constrained delivery methods
such as mobile networks and the Internet,? said Bill Jasper, President
and CEO, Dolby Laboratories. ?In addition to extending our portfolio of
solutions, we are adding the talent and know-how of Coding Technologies?
employees. We share a passion for technology and entertainment and a
focus on innovation.?

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