On August 9, Santa Clara, CA–based Roxio announced the sale of its software division to Sonic Solutions of Novato, CA for $80 million. The deal will divest Roxio of its popular CD and DVD recording, authoring, and photo and video editing application products including Easy Media Creator, PhotoSuite, VideoWave, Easy DVD Copy, and Toast.
Terms of the transaction provide Roxio with $70 million in cash and…