DTS to acquire PE-backed iBiquity Digital Corp for about $172 mln

DTS Inc has agreed to buy iBiquity Digital Corp, a maker of digital HD radio technology for AM/FM audio and data broadcasting. The price of the deal is about $172 million. Centerview Partners provided financial advice to DTS on the transaction while Moelis & Company LLC served as financial advisor to iBiquity. IBiquity was backed by Columbia Partners Private Capital.

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