TIVO

TiVo Corporation

6.8900
USD
0.58%
6.8900
USD
0.58%
6.6100 11.6400
52 weeks
52 weeks

Mkt Cap 848.40M

Shares Out 124.95M

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TiVo and Xperi to Merge in All-Stock Deal, Creating Media-Tech and IP-Licensing Company

Shares of TiVo rose 7.2% to $8.46 Thursday after the media technology and audience measurement company said it would merge with Xperi in an all-stock transaction that would create a company with a combined enterprise value of $3 billion. Xperi, which licenses technology and intellectual property in areas such as mobile computing, communications, memory and data storage, sank 9.4% to $18.97. The agreement calls for TiVo and Xperi shares to be converted into shares of the new parent at a fixed exchange ratio of 0.455 Xperi share per existing TiVo share.


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