Sard Verbinnen & Co. is handling the $3B merger of Xperi, audio, technology products company, with TiVo, video entertainment outfit.
The companies say the deal creates an entertainment technology powerhouse and an industry-leading intellectual property licensing platform with more than 10,000 patents and applications.
“This landmark combination brings together two highly complementary companies poised to set the industry standard for user experiences across the digital value chain,” said Jon Kirchner, Xperi CEO.
The merged company will take on the Xperi corporate name with TiVo as an entertainment brand.
Xperi shareholders will own 46.5 percent, while TiVo while stockholders will own the balance.
With the deal, TiVo has shelved its plan to separate its product and IP business. That was supposed to happen in April 2020.
The Xperi/TiVo merger is expected to close during the second-quarter of next year.
Sard Verbinnen’s John Christiansen, Megan Bouchier and Alyssa Lorenzo are working the merger deal.