Tossing a possible monkey wrench into its proposed merger with TiVo, Xperi Corp. says it has received an unsolicited, non-binding proposal from Metis Ventures to acquire the outstanding equity of Xperi for $23.30 per share in cash, or about $1.16 billion. Metis Ventures said the offer represents a 33% premium to the 30-day trading average of Xperi shares prior to its proposed offer, and an 11% premium to Xperi shares as of Dec. 18, 2019, the last trading day prior to the announcement of the Xperi-TiVo merger.
