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DTS to acquire SRS Labs, aligns codecs with audio processing

04/17, 9:00am

DTS to acquire SRS Labs for $148 million

DTS has announced that it will acquire SRS Labs for $148 million in a cash and stock transaction. The deal places a 38 percent premium on the market value of SRS Labs shares at the close of trading on April 16 at $9.50 per share. DTS says the deal will accelerate its growth in the rapidly growing mobile and other network-connected markets, while aligning its codec technology with SRS Labs audio processing technology.

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