Tessera Closes On Acquisition Of HD Radio Parent DTS
December 2, 2016 at 6:10 AM (PT)
TESSERA HOLDING CORPORATION has closed on the acquisition of DTS, INC., parent of HD RADIO. The combined company will trade under TESSERA's TSRA symbol on NASDAQ and will be changing its name, stock symbol, and logo in first quarter 2017.
"The combination of DTS and TESSERA ushers in a new era for the company," said TESSERA HOLDING CORPORATION CEO TOM LACEY. "By uniting DTS' industry-leading portfolio of premium audio technology solutions with TESSERA's best-in-class portfolio of imaging and semiconductor packaging and interconnect technologies, we will be able to execute on our vision of an integrated platform of smart enabled technologies."
"DTS has always been a leading innovator in the audio space," said TESSERA President JON KIRCHNER. "We are proud to unite with TESSERA to innovate a new generation of smart sight and sound solutions that will power the next wave of content delivery and electronic devices. These solutions will help deliver ever more immersive experiences and help transform how we interact with the rapidly growing number of connected devices at home, in the car and on the go."