DTS Inc. has agreed to be acquired by Tessera Technologies in a cash deal valued at approximately $850 million.
Tessera, which develops imaging and semiconductor packaging and bonding technologies, is paying $42.50 per share for DTS, whose technology is integrated in more than 2 billion devices globally, used in immersive sound systems in cinemas and put to use by video and music streaming services. The price tag represents a 28 percent premium to DTS’ 30-day volume weighted average price.
More details at http://www.hollywoodreporter.com/news/tessera-acquire-dts-930990
Tessera, which develops imaging and semiconductor packaging and bonding technologies, is paying $42.50 per share for DTS, whose technology is integrated in more than 2 billion devices globally, used in immersive sound systems in cinemas and put to use by video and music streaming services. The price tag represents a 28 percent premium to DTS’ 30-day volume weighted average price.
More details at http://www.hollywoodreporter.com/news/tessera-acquire-dts-930990