Xperi Products Chief Geir Skaaden Explains the $109M Vewd Buy — It’s All About the Tier 2 Smart TV Market [Next TV]

Xperi Products Chief Geir Skaaden Explains the $109M Vewd Buy — It’s All About the Tier 2 Smart TV Market [Next TV]

BY DANIEL FRANKEL 

July 6, 2022 | The global economy might already be in recession. The streaming giants are getting absolutely killed on Wall Street. And absolutely nobody at this point is talking about buying a “TiVo-powered” smart TV.

But after agreeing to pay $109 million to buy bankrupt Norwegian video software company Vewd, Xperi Holdings stock spiked nearly 5% Monday.

Read more on NextTV.

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