Dolby Labs to acquire GE’s licensing business in $429 million deal
June 6 (Reuters) – Dolby Laboratories (DLB.N), opens new tab said on Thursday it was acquiring GE Licensing, an intellectual property business targeting the consumer digital media and electronics sectors, in a $429 million deal.
The takeover, which aims to further Dolby’s existing licensing businesses, comprises over 5,000 GE patents.
However, it excludes aerospace and defense IPs belonging to GE Aerospace (GE.N), opens new tab, as well as the GE brand’s trademark portfolio.
Source: REUTER
