You've probably heard of both DTS and SRS Labs or seen their logos, but you might not be able to explain exactly what these companies do. To put it simply: both enhance the sound from our electronics, and now, they'll be doing it together. In a cash-and-stock deal worth just under $10 a share DTS will acquire SRS Labs, giving the new company over a thousand audio related patents (what else?) and trademarks. The deal is valued at about $148 million and expected to be accretive to DTS by 2013.
Engadget, DTS and SRS Labs to combine into one big happy family
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