With Sonic Solutions’ sale to Rovi pending, a divisional...
With Sonic Solutions’ sale to Rovi pending, a divisional executive signed a change-in-control agreement providing for a $300,000 lump-sum payment. Matthew DiMaria, executive vice president and general manager of Sonic’s Roxio Products Group, will get the cash payment within 180…
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days of a turnover in ownership, his company said. Any unvested or restricted Sonic stock will automatically vest, the company said. Rovi signed a preliminary agreement to buy Sonic in December for $720 million and is expected to close the sale in February.