DTS to acquire SRS Labs, aligns codecs with audio processing

DTS has announced that it will acquire SRS Labs for $148 million in a cash and stock transaction. The deal places a 38 percent premium on the market value of SRS Labs shares at the close of trading on April 16 at $9.50 per share. DTS says the deal will accelerate its growth in the rapidly growing mobile and other network-connected markets, while aligning its codec technology with SRS Labs audio processing technology.
DTS sees the deal as being ‘highly complementary’ and will expand its IP portfolio of audio technologies to over 1,000 registered or pending patents as well as trademarks. DTS has been a stalwart in the home theatre and cinema markets, but is looking to enter the mobile audio pr... »read more

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