Tessera Technologies To Buy DTS Of Calabasas For $850 million

September 21, 2016

“This is an exciting transaction that provides substantial and immediate value to our shareholders,” Jon Kirchner, chairman and chief executive of DTS, said in a statement.

DTS has 484 employees but declined to say if any would be let go. Tessera has over 250 employees, though the company did not say what effect the deal will have on its workforce. 

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http://www.latimes.com/business/la-fi-tessera-dts-20160920-snap-story.html