TiVo and Xperi announce $3B merger, creating a licensing and IP giant
Category: #headlines  By Pankaj Singh  Date: 2019-12-21
  • share
  • Twitter
  • Facebook
  • LinkedIn

TiVo and Xperi announce $3B merger, creating a licensing and IP giant

Two of America’s leading technology brands have recently announced a merger that could create one of the world’s largest licensing companies. Software firm TiVo Corporation is reportedly combining with semiconductor manufacturer Xperi Corporation in a $3 billion merger.

The deal could supposedly give rise to one of the largest consumer and entertainment technology businesses in the world with a diverse portfolio of entertainment and semiconductor intellectual property (IP).

TiVo and Xperi, both headquartered in San Jose, California, have apparently transformed how millions of consumers across the world access and experience entertainment content. Their innovations are found in billions of devices worldwide.

The combined business will seemingly provide a world-class entertainment platform to millions of consumers and develop an advanced platform for the discovery, delivery, and monetization of entertainment content. Moreover, the deal will also enable the companies to serve businesses around the world ranging from content providers to consumer electronics and automakers.

The volume of entertainment content globally has apparently exploded with more ways to access it than ever. TiVo’s leading content discovery, recommendation and delivery capabilities will enable viewers to find, watch and enjoy entertainment content more easily.

Also read: ViacomCBS to create and deliver premium content for American viewers

Combining TiVo’s capabilities with Xperi’s strong presence in the home, mobile device, and automotive ecosystems, will empower the merged company to create and deliver a unique industry platform to meet the ever-growing consumer demand to enjoy entertainment anytime, anywhere, on any device.

Sources close to the matter revealed that Rovi had acquired TiVO in 2016 for $1.1 billion. Earlier this year, the Rovi-owned TiVo had been exploring a split to form two separate companies. However, that plan had been scrapped once TiVo entered into merger talks with Xperi.

The two companies mentioned that the deal is focused on IP licensing and not on TiVo’s DVR hardware. However, it appears that the newly-formed business, which will go by the name Xperi, still intends to deliver products under the TiVo brand in the future. Analysts claim that it is a similar arrangement to that of DTS, an audio technology brand that Xperi had acquired in back in 2016.

 

Source credits: https://www.theverge.com/2019/12/19/21029945/tivo-xperi-merger-dvr-rovi-deal-patent-licensing

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Pankaj Singh    

Pankaj Singh

With a commendable experience of content creation under his belt, Pankaj Singh, a qualified Post Graduate in Management, boasts of having worked as a freelance writer and an insurance underwriter. Additionally, Pankaj has also enriched his qualification portfolio with...

Read More

More News By Pankaj Singh

Super Nintendo World theme park in USJ set to open on Feb 2021
Super Nintendo World theme park in USJ set to open on Feb 2021
By Pankaj Singh

Universal Studios Japan, situated in Osaka, owned and run by USJ LLC, has reportedly announced a date of opening date for the highly anticipated Nintendo-based theme area. The Super Nintendo World would open on Feb. 4th, 2021, in Osaka city based the...

Credit Suisse to take $450M hit as York Hedge Fund winds down
Credit Suisse to take $450M hit as York Hedge Fund winds down
By Pankaj Singh

Credit Suisse Group AG’s CEO Thomas Gottstein has had to deal with losses on bad loans to rich clients, poor trading performance, and reports on questionable deals the investment bank arranged for others. Now the Switzerland-based company is tu...

Informatica rolls out inclusive data governance solution for Snowflake
Informatica rolls out inclusive data governance solution for Snowflake
By Pankaj Singh

Leading provider of enterprise cloud data management solutions, Informatica, has reportedly rolled out the most comprehensive data governance solution for the purpose of supporting new capabilities at Snowflake. Additionally, the solution is also set...