Xperi Buys OTT Software Provider Vewd for $109M in Cash, Debt

Xperi said Thursday it bought Vewd Software, a global provider of over-the-top and hybrid TV software that ships in more than 30 million connected TV devices annually, for $109 million through a mixture of cash and stock. The Vewd buy speeds Xperi’s entry into the connected TV space and establishes the TiVo brand “as a leading independent streaming media platform,” said Xperi. The transaction also gives Xperi access to an installed European “footprint” of about 15 million devices “that can be enabled for monetization,” including through the activation of the TiVo+ free ad-supported TV service, it said. More than 450 million connected TV devices have shipped with embedded Vewd smart TV software, it said.