Tessera Technologies to Acquire DTS
SAN JOSE, Calif. & CALABASAS, Calif.–(BUSINESS WIRE)–Tessera Technologies, Inc. (NASDAQ: TSRA) (“Tessera” or the “company”), a leader in developing innovative imaging and semiconductor packaging and bonding technologies and DTS, Inc., (NASDAQ: DTSI) (“DTS”) a premier audio solutions provider for mobile, home, and automotive markets, today announced that they have entered into a definitive agreement under which Tessera will acquire DTS for $42.50 per share, representing a 28% premium to DTS’s 30-day volume weighted average price as of September 19, 2016. The all-cash transaction is valued at approximately $850 million.
Latest
How DTS and Logitech G are Taking Gaming Audio to the Next Level
When it comes to gaming, Logitech G is known to deliver the performance, bold design and immersion that gamers have come to expect. The recently…
Defining Quality Audio in the Connected Car and Beyond
There was a time when audio and visual entertainment could only be experienced in a live context. Then audio and video recording came along and…
HD Radio Turns 20: From Innovative Start Up to Industry Standard and Beyond
HD Radio is so ubiquitous in cars today that it’s hard to imagine a time when it wasn’t the standard for in-vehicle audio. And yet…