TiVo Scraps Split, Enters $3B Merger with Xperi

(Image credit: Tivo)

TiVo has abandoned an earlier stated plan to split its product and IP licensing business, and instead will enter a $3 billion merger with San Jose technology company Xperi. 

Xperi, which makes advanced circuitry and chip solutions for audio, imaging and computers, will maintain the name of the combined company. It will continue to use the TiVo brand for TiVo advanced video solutions, entertainment metadata and IP licensing. 

Xperi changed its name from Tessera Holding in February 2017. It’s biggest customer is Samsung Electronics, but it also does business with LG, Panasonic, Sony, Microsoft and China’s Huawei. 

Jon Kirchner, CEO of Xperi, will continue his role with the combined company, as will Xperi CFO Robert Anderson. TiVo CEO Dave Shull, who joined TiVo in May to lead the split of product and licensing, will transition to strategic advisor. 

"With Xperi's annual licensing of more than 100 million connected TV units, and complementary relationships with major content providers, consumer electronics manufacturers, and automotive OEMs, our combined company will transform the home, car, and mobile entertainment experience for the consumer," Shull said in a statement.  

“This landmark combination brings together two highly complementary companies poised to set the industry standard for user experiences across the digital value chain,” added Kirchner.

The combined company will have one of the biggest IP licensing operations in the world, boasting more than 10,000 patents. 

Daniel Frankel

Daniel Frankel is the managing editor of Next TV, an internet publishing vertical focused on the business of video streaming. A Los Angeles-based writer and editor who has covered the media and technology industries for more than two decades, Daniel has worked on staff for publications including E! Online, Electronic Media, Mediaweek, Variety, paidContent and GigaOm. You can start living a healthier life with greater wealth and prosperity by following Daniel on Twitter today!