tiprankstipranks
Dolby Laboratories Acquires GE Licensing for $429 Million
Company Announcements

Dolby Laboratories Acquires GE Licensing for $429 Million

Don't Miss our Black Friday Offers:

Dolby Laboratories (DLB) has issued an update.

Dolby Laboratories, Inc. has announced a definitive agreement to acquire GE Licensing from General Electric Company for a purchase price of $429 million, aiming to enhance its presence in the consumer digital media and electronics sectors. The deal’s completion hinges on regulatory approvals and customary closing conditions. This strategic move by Dolby is expected to bring significant benefits and synergies, although it also comes with its share of risks and uncertainties that could affect the anticipated outcomes.

Find detailed analytics on DLB stock on TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskDolby Laboratories Reports Strong Fiscal 2024 Performance
TheFlyClosing Bell Movers: Keysight up 9% after Q4 earnings beat
TheFlyDolby sees Q1 non-GAAP EPS 96c-$1.11, consensus $1.09
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App