Amazon snaps up Xperi's Perceive unit for $80M

Xperi Inc. (NYSE: XPER) (the "Company" or "Xperi"), an experiences, today announced it has entered into an asset purchase agreement with Amazon.com Services LLC entertainment technology company that invents, develops, and delivers technologies that enable extraordinary to sell substantially all of the assets and certain liabilities of Perceive Corporation, a subsidiary focused on edge inference hardware and software technologies, for a gross amount of $80 million in cash.

The Company expects the transaction to close by the end of the calendar year, subject to customary closing conditions.

Centerview Partners LLC served as exclusive financial advisor for Xperi, and DLA Piper LLP acted as legal advisor.

Read the full press release here.

Xperi