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.

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Source Fool.com