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Roxio buys software firm

Software maker Roxio said Friday that it has completed its acquisition of Canada's MGI Software in an all-stock transaction valued at $35.4 million. Milpitas, Calif.-based Roxio is best known for its Easy CD Creator and Toast CD-burning applications. MGI's core products are the PhotoSuite and VideoWave photo- and video-editing packages.

Software maker Roxio said Friday that it has completed its acquisition of Canada's MGI Software in an all-stock transaction valued at $35.4 million. Milpitas, Calif.-based Roxio is best known for its Easy CD Creator and Toast CD-burning applications. MGI's core products are the PhotoSuite and VideoWave photo- and video-editing packages.