Audio solutions company buys iBiquity for $172 million

DTS announced that it will acquire iBiquity for a price of about $172 million. iBiquity is the exclusive developer and licensor of HD Radio technology, while DTS is a provider of high-definition audio solutions. Bob Struble, president and CEO of iBiquity, will continue to lead the HD Radio business following the acquisition. The deal is expected to close later this year. Continue Reading