Xperi rises on deal to sell its subsidiary Perceive to Amazon
16/08/2024 22:05
** Shares of consumer and entertainment technology company
Xperi XPER.N rise 13.5% to $8.57 in extended trading
** Amazon.com AMZN.O to buy substantially all assets and
certain liabilities of semiconductor firm Perceive from Xperi
for $80 mln in cash
** XPER expects the transaction will close by the end of
2024
** Centerview Partners LLC served as exclusive financial
advisor for Xperi and DLA Piper LLP acted as legal advisor,
company says
** Up to last close, XPER stock down ~31% YTD
(Reporting by Jaspreet Singh in Bengaluru)
((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))