Patent licensing firm Tessera to buy audio technology company DTS
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Reuters.com reports that patent licensing company Tessera Technologies Inc said on Tuesday that it would buy audio technology company DTS Inc for about $850 million in cash.
Tessera’s offer of $42.50 per DTS share is a 24 percent premium to the stock’s close on Monday.
The company said the deal would immediately add to its earnings per share and free cash flow.
