Xperi Corporation, which owns and licenses the HD Radio technology, has announced a $3 billion merger with TiVo Corporation.
The combination will create an intellectual property licensing platform that spans a number of the largest addressable markets in entertainment content, consumer electronics, and semiconductors. With more than 10,000 patents and applications between the two companies and minimal licensee overlap, the combined IP business will be one of the largest licensing companies in the world. TiVo stockowners will own 53.5% of the combined company, which will take the Xperi name. Xperi senior managerment including CEO Jon Kirchner and CFO Robert Anderson will lead the new operation, while TiVo CEO David Shull will remain on as a strategic advisor during the integration period.
https://radioinsight.com/headlines/182472/hd-radio-owner-xperi-to-merge-with-tivo/
Deal is at play.