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Xperi gets unsolicited cash bid worth USD 23.30 per share

2020-02-24 10:04:00| Telecompaper Headlines

(Telecompaper) Xperi said it has received an unsolicited bid from Metis Ventures, worth USD 23.30 per share in cash. The company earlier signed an all-stock merger deal with TiVo, giving TiVo a majority (53.5%) of the newly-created company, which would have just over USD 1 billion in revenue. Xperi said it talked internally about the Metis proposal and concluded that, due to the lack of information and current non-binding terms and conditions, it will probably not pursue the deal.

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