Why TiVo Stock Popped -- and Xperi Stock Dropped -- Today
TiVo (NASDAQ: TIVO) is merging with IP licensor Xperi (NASDAQ: XPER).
The two companies announced their union this morning, and investors are having mixed reactions -- specifically, TiVo shareholders like the news, and TiVo stock is up 7.1% as of 10:10 a.m. EST, while Xperi shareholders don't -- and its stock is down 9.7%.
Image source: Getty Images.
Source Fool.com
