http://www.roxio.com/en/company/news/archive/prelease080904.jhtml

Novato and Santa Clara, California (August 9, 2004) – Sonic Solutions
(NASDAQ: SNIC) and Roxio (NASDAQ: ROXI) today announced a definitive
agreement for Sonic to acquire the consumer software division of Roxio for
a total purchase price of $80 million. Under the terms of the transaction,
Roxio will receive $70 million in cash and shares of Sonic common stock
valued at $10 million. 

Sonic believes the acquisition will provide Sonic with a well-recognized
set of consumer software brands; access to long-standing distribution
channels; strong product marketing expertise; and key relationships with
top-tier retail outlets. Roxio plans to focus its business on the digital
music market and will change its corporate name to Napster and trade under
the ticker “NAPS” on NASDAQ, assuming the successful completion of this
transaction. 

"This combination will create an extremely strong provider of digital
media creation software,” said Bob Doris , president and chief executive
officer of Sonic. "We believe the acquisition of Roxio's consumer
software division increases our reach with a proven brand; a tremendous
sales and support platform; and a strong retail channel with national
retailers such as Best Buy, CompUSA and Fry's Electronics. We'll be able to
augment our Sonic team with the highly professional and experienced members
of the Roxio software organization resulting in a truly world class
organization in terms of technology development, major OEM delivery, and
retail distribution. With the growth that we will unlock in the Roxio
product line, and the many ways in which the two organizations complement
each other, we will be able to drive shareholder value through strong
revenue growth and profitability." 

“With the successful completion of the transaction, Napster will emerge as
a well-positioned pure-play in the fast-growing digital music sector with a
substantially enhanced balance sheet that will support our growth plans,”
said Chris Gorog, Roxio's chairman and chief executive officer. 

Under the terms of the deal, Sonic will purchase essentially the entire
Roxio software operation including Roxio's CD and DVD recording, authoring,
photo and video editing application products including Easy Media Creator,
PhotoSuite, VideoWave, Easy DVD Copy and Toast. Sonic expects to retain
most of the current employees of the Roxio organization. Sonic intends to
continue the Roxio brands, and current distribution and OEM relationships. 

Completion of the acquisition, which is expected to close in the fourth
quarter of calendar year 2004, is subject to the approval of Roxio
stockholders, expiration or termination of the applicable Hart-Scott-Rodino
waiting periods, and other regulatory and customary conditions. 



> From: Dave 
> On 27 Sep 2004 02:38:46 GMT, Ellen K  wrote in
> message :
> | Nicotine film?   You smoke?   I never knew that.
> Don't be silly.  I work in a bar.
> | One of the burn-it outfits (Roxio?) just got out of the business and into
> | something else, I forget what.
> It would surprise me if it were Roxio, they are still the industry
> leaders.

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