BigChampagne's Ultimate Chart (a/o February 10th):
1. “What Doesn't Kill You (Stronger),” Kelly Clarkson
2. “Set Fire to the Rain,” Adele
3. “Turn Me On,” David Guetta
4. “Rack City,” TYGA
5. “Good Feeling,” Flo Rida
6. “Smooth Criminal (Glee Cast Version),” Glee Cast
7. “Young, Wild & Free,” Snoop Dogg & Wiz Khalifa
8. “Domino ,” Jessie J
9. “Sexy and I Know It,” LMFAO
10. “Ass Back Home ,” Gym Class Heroes
Watermarking expert Digimarc is now selling portions of its identification technology for $250 million, according to details revealed Monday. The ID Systems unit is being shuttled to L-1 Identity Solutions for a mix of stock and cash. The resulting combination will allow L-1 to strengthen its focus on government security, which includes technology related to credentials like driver's licenses. Digimarc shareholders will receive a cash payout totaling $120 million, according to the company.
Then, Digimarc and L-1 will determine which assets belong to ID Systems, and which belong to the Digimarc-owned watermarking unit. The watermarking division will then be spun off into a wholly-owned subsidiary of Digimarc, a move that will allow the company to refocus on its media watermarking charter. Bruce Davis, Digimarc chairman and chief executive, pointed to a refocus on a "founding vision to making digital watermarking a standard feature in all media content."
The transaction is expected to close during the second half.
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