In December 2019, TiVo and Xperi, a company that sells tech products for home, auto, and mobile, announced that they had agreed to a merger. This week the merger was finalized with TiVo and Xperi creating a new media technology company and IP licensing platform.
“Together, we will be able to integrate TiVo’s leading content aggregation, metadata, discovery, and recommendation capabilities with our home, automotive, and mobile technology solutions to help our customers create experiences that excite and delight consumers,” said Jon Kirchner, Chief Executive Officer of Xperi. “Additionally, the combined company will continue to unlock the value of our strategic and sizable patent portfolios by bringing together our deep industry expertise and powerful innovation engines. Through greater scale and diversity, we will deliver attractive and sustainable long-term cash flow and shareholder value.”
Kirchner will act as CEO of the new company. Xperi’s CFO, Robert Andersen, will be chief financial officer. TiVo CEO, David Shull, will serve as strategic advisor.
When the merger was announced in December, TiVo and Xperi shared that the merge would combine TiVo’s leading content aggregation, discovery, and recommendation capabilities will be combined with Xperi’s product capabilities in the home, automotive, and mobile device ecosystems. The platform will allow consumers to enjoy entertainment anywhere, anytime, on any device.
“There is more content, and more ways to enjoy that content, than ever before,” said David Shull, Chief Executive Officer 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. TiVo has always been the company that brings entertainment together. Now, we can significantly expand our mission.
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