TiVo Corp., the inventor of the digital video recorder, and technology licenser Xperi Corp. have agreed to merge in an all-stock transaction valued at $1.21 billion.
Combining the companies could create at least $50 million in savings, according to the statement. The transaction also would put on hold TiVo’s announced plan to spin off its intellectual property unit early next year, one of the people familiar with the matter has said. TiVo, which merged with rival Rovi Corp. in 2016, retained a financial advisor last year to explore strategic alternatives.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks near record highs, Sweden ends negative ratesWorld stocks drifted down from the week's record highs on Thursday, while t...
Source: Reuters - 🏆 2. / 97 Read more »
Vivint to cut enterprise value in merger deal with SoftBank unitVivint Smart Home Inc has agreed to reduce its initial enterprise value to about...
Source: Reuters - 🏆 2. / 97 Read more »
Timeline: Fiat Chrysler and Peugeot merger marks next round of consolidationFiat Chrysler and Peugeot maker PSA on Wednesday reached a binding agreement for...
Source: Reuters - 🏆 2. / 97 Read more »
Dongfeng to reduce PSA stake in merger deal with Fiat: sourcesChina's Dongfeng Motor will have a reduced stake of around 4.5% i... 4(per) 1 penny Ante Up annieoakley RayVaughn4real
Source: Reuters - 🏆 2. / 97 Read more »
Fiat Chrysler, Peugeot owner PSA agree binding merger dealFiat Chrysler and Peugeot maker PSA said on Wednesday they had agreed on a bindi... Money Moves ... Don't Quote Me. That's the end of Chrysler.
Source: Reuters - 🏆 2. / 97 Read more »