Monotype gets more digital, buys Bitstream font biz
Summary
Monotype Imaging acquired the font business of rival Bitstream for about $50 million in cash, a move that gives it greater clout in the world of digital typography. Earlier font licensing business efforts, for text in advertisements, books, magazines, and video, are moving toward online media. "Monotype Imaging intends to support, promote and grow the MyFonts brand and Web site, which is the resource of choice for a strong community of loyal customers," the company said in a statement. "MyFonts is recognized as one of the top e-commerce font Web sites in the world...Bitstream cultivated an active creative community, helping to drive exciting, innovative design. "Monotype Imaging did not acquire Bitstreams BOLT mobile browsing and Pageflex variable data publishing technologies.
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