DTS Completes Buy of iBiquity for $172 Million

DTS completed the purchase of HD Radio developer iBiquity Digital (see 1509020039) for $172 million, DTS said in a news release. The acquisition was financed through cash and debt, said DTS in a news release. Monday, it called the purchase an extension of the company’s strategy to deliver a “personalized, immersive and compelling experience across the network-connected entertainment value chain.”