Xperi Holding Corporation announced today that it has completed the $3B merger of Xperi Corporation and TiVo, “forming a unique digital entertainment technology platform and one of the industry’s largest and most diverse intellectual property (IP) licensing platforms”. According to a press release, the “combined company will operate a number of industry leading technology brands, including the TiVo brand for consumer-facing media and entertainment products” and will hold over “11,000 patents and applications, with recurring subscriber-based IP revenue providing important stability and diversification for the business”.

Xperi Corporation ended 2019 with the announcement of a $3B merger with TiVo, which is expected to close next quarter. It also finished the year with an acquisition of over 450 US assets from IBM.