DTS sold for $850 million

Tessera Technologies will acquire DTS for about $850 million. Under the deal, San Jose, California-based Tessera (NASDAQ: TSRA) will pay $42.50 per share — a 28 percent premium on the Calabasas audio firm’s 30-day volume weighted average price as of Sept. 19 — in an all-cash transaction. The combined company will bring together DTS’ audio and […]

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