As the volume of content has skyrocketed, easy access to content becomes paramount to both content owners and end-users. And so Xperi and TiVo, two leading entertainment technology innovators, are joining forces to strengthen and diversify their offerings as well as make discovery and delivery of content a smooth and seamless process.
The duo entered into a definitive agreement last week to combine an all-stock transaction, which represents approximately US$3 billion of combined enterprise value.
“This landmark combination brings together two highly complementary companies poised to set the industry standard for user experiences across the digital value chain,” said Jon Kirchner, CEO of Xperi.
With more than 10,000 patents and applications between the two companies and minimal licensee overlap, the combined IP business is expected to be one of the largest licensing companies in the world. Furthermore, the combined business will benefit from greater research and development capabilities, as well as customer diversification.
Having shaped the accessibility experience of the consumers, the two pioneers will combine innovations that promise to provide an amazing entertainment platform for millions of individual consumers and create a powerful platform for the discovery, deliver, and monetisation of content.
“There is more content, and more ways to enjoy that content, than ever before,” said David Shull, CEO of TiVo. “In a rapidly expanding and fragmenting digital universe, consumers want and need to be able to easily find and enjoy the content that matters to them.”