GE - Dolby Laboratories To Acquire GE Licensing In $429M Cash Deal: Strengthens Patent Portfolio | Benzinga
Dolby Laboratories, Inc. (NYSE:DLB), known for its entertainment services, announced a definitive agreement to acquire GE Aerospace’s (NYSE:GE) GE Licensing, which specializes in intellectual property licensing in the consumer digital media and electronics sectors.
Dolby Laboratories will acquire GE Licensing in a $429 million all-cash transaction, expected to close by the end of fiscal year 2024.
The deal involves over 5,000 patents, including key patents in video compression technology. This acquisition will bolster Dolby’s patent portfolio, enhancing its standing in the industry.
GE Aerospace will retain its portfolio of IP related to its ...