Dolby Laboratories Expands Patent Licensing Portfolio with Acquisition of GE Licensing Business
The $429 million deal enhances Dolby’s position in digital media IP by adding over 5,000 patents including HEVC and VVC technologies
Dolby Laboratories has entered into a definitive agreement to acquire GE Licensing, a division of GE Aerospace responsible for a substantial portfolio of intellectual property in consumer digital media and electronics. The acquisition, valued at $429 million in cash, includes more than 5,000 patents covering key video…