Says the WSJ: "Sonic said in a federal filing it had issued warrants to purchase 668,711 of its common shares for $100,000. The warrants vest over a two-year period and then Best Buy will be able to buy the shares at $4.98."
Best Buy will begin selling devices with CinemaNow in-store, including DVD drives and computers.
"Our relationship with Sonic Solutions allows Best Buy to quickly establish a strong position in the digital delivery of video entertainment," adds Best Buy CEO Brian Dunn.
Written by: Andre Yoskowitz @ 3 Nov 2009 12:46
