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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger ofXperi Corporation (“Xperi” or the “Company”) (NASDAQ: XPER) with TiVo Corporation (“TiVo”) (NASDAQ: TIVO). Under the terms of the merger, Xperi shareholders will own approximately 46.5% of the combined business, and TiVo shareholders will own approximately 53.5%.
The Xperi merger investigation concerns whether the Board of Xperi breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether the merger with TiVo undervalues Xperi shares, thus unlawfully harming Xperi shareholders.
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