Xperi just announced that the merger with TiVo is completed. By their powers combined, the two companies will form a unique digital entertainment platform, and one of the industry’s largest and most diverse intellectual property (IP) licensing platforms.
Since we are living in a time when users want their media to be easily accessible, and to consume entertainment anywhere, anytime and on any device, this platform’s goal is to offer an end-to-end entertainment experience.
How? By linking Xperi’s products for home, auto, and mobile with TiVo’s content aggregation, discovery, and recommendation engines.
This, according to the press release, will create a series of unique opportunities for content providers, consumer electronics manufacturers, and automotive makers.
With these new resources at its disposal, the company will also be able to invent, develop, and deliver technologies for a wider range of customers. This should ultimately take home entertainment to the next level and smart devices to the next era of intelligence for tens of millions of consumers.
The large scale IP portfolio resulted from the merger, which consists of more than 11,000 patents and applications, is, as you can imagine, the cherry on top.
For those of you who don’t know what brands the Xperi Corporation includes, check this out: DTS and IMAX Enhanced, HD Radio, Invensas, Perceive and Tessera. And now they have added TiVo to that list.
If you recognize one or more of the brands above, it might just be because you’re reading this news on a device with Xperi tech. No, really – Xperi technologies are integrated into billions of consumer devices, media platforms, and semiconductors worldwide.
“We are proud of the incredible resilience shown by our teams to close this transaction as planned during these challenging times. We are excited about the opportunities ahead for the combined company to serve our customers while continuing to deliver long-term cash flow and value to our shareholders,“
Jon Kirchner, Chief Executive Officer of Xperi
He also talked about the goals behind this merger:
“With this combination, we are better positioned to transform the entertainment experience across the home, auto, and mobile markets with smarter technologies that enable extraordinary experiences. With the combined expertise of our innovative R&D teams and a broader market TAM, we will be well-positioned to achieve even better patent monetization outcomes, greater cash flow generation, and long-term value creation.”
From June 2, the shares will continue to trade on the Nasdaq Global Select Market under the Xperi ticker symbol XPER.
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