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Technology Stocks : DLB Dolby Laboratories

DLB 81.93

+2.4%

Mar 14 3:59 PM EDT

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From: Cooters	6/6/2024 9:35:55 AM
	of 321

Dolby Laboratories Announces Agreement to Acquire GE Licensing from GE Aerospace Dolby Laboratories Announces Agreement to Acquire GE Licensing from GE Aerospace (yahoo.com) <snip> Dolby Laboratories has agreed to acquire GE Licensing, an intellectual property licensing business primarily targeting the consumer digital media and electronics sectors, in a $429 million all cash transaction. This deal is expected to close by the end of fiscal year 2024, subject to regulatory approval and other customary closing conditions, and is not expected to have a material impact on Dolby's fiscal year 2024 results. This transaction includes attractive complementary assets that strengthen and expand Dolby's patent portfolios, and represents a compelling financial profile of durable, high-margin revenue. Dolby expects the deal to be accretive on a non GAAP basis to operating margins and EPS in fiscal 2025. This transaction is not expected to affect Dolby's practice of returning capital to stockholders through its quarterly dividend and through stock repurchases to offset dilution from stock-based compensation.

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