Dolby Labs to acquire GE Licensing in $429 million deal

Dolby Laboratories

06/06/2024 13:36

June 6 (Reuters) - Dolby Laboratories  DLB.N  said on
Thursday it would acquire GE Licensing, an intellectual property
licensing business primarily targeting the consumer digital
media and electronics sectors, in a $429 million deal.

 (Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Pooja
Desai)
 ((Aatreyee.Dasgupta@thomsonreuters.com;))