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Xperi, TiVo set to merge in all-stock deal

Dec 19 (Reuters) - Technology licensing company Xperi Corp and set-top box maker TiVo Corp will merge in an all-stock deal, giving the combined entity an enterprise value of $3 billion, the companies said on Thursday.

As part of the deal, each TiVo shareholder will get 0.455 Xperi shares.

Xperi shareholders will own about 46.5% of the combined business, and TiVo shareholders will own 53.5%. (Reporting by Supantha Mukherjee in Bengaluru Editing by Saumyadeb Chakrabarty)

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