Tessera to Acquire DTS for $850M

QuadraphonicQuad

Help Support QuadraphonicQuad:

This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.

bmoura

2K Club - QQ Super Nova
Since 2002/2003
Joined
Mar 2, 2003
Messages
9,518
Location
Redwood City, CA
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
 
Brian - would you care to offer conjecture on what this is likely to mean for the company, and possibly for us as consumers?
 
Brian - would you care to offer conjecture on what this is likely to mean for the company, and possibly for us as consumers?

I'm not familiar with Tessera.

The news coverage says they expect the purchase to help Tessera in the Mobile and Auto markets.
Will be interesting to watch.
 
Back
Top