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DivX Buys Veatros

DivX Inc. (Nasdaq: DIVX) has acquired the assets of Veatros LLC, a Kansas-based provider of real-time video identification technologies. The deal could be worth up to $4.25 million, including $2 million in upfront cash and up to $2.25 million in milestone earnouts. Veatros was spun out of the University of Kansas, and received funding from T2 Venture Capital.