DTS Now Part Of Tessera

Calabasas-based surround sound and audio technology developer DTS is now officially part of Tessera, after Tessera completed its acquisition of DTS on Thursday, the companies said on Thursday afternoon. Tessera paid $850M in cash for DTS, in a deal which had originally been announced in May. Tessera said that it will introduce a new corporate name, stock ticker, brand, and logo during the first quarter of 2017 as a result of the acquisition.