Xperi to Merge with TiVo to Create a Leading Brand in Consumer & Entertainment Technology and IP Licensing
Xperi Corporation - the owner of DTS and HD Radio - and TiVo Corporation announced they entered into a definitive agreement to merge in an all-stock transaction, representing approximately $3 billion of combined enterprise value. The transaction creates a much larger consumer and entertainment technology business and one of the industry’s largest intellectual property (IP) licensing platforms with a diverse portfolio of entertainment and semiconductor intellectual property.