DTS completes acquisition of SRS Labs

The transaction follows approval from SRS Labs' stockholders.
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DTS closed the acquisition of SRS Labs following the approval of the transaction by SRS Labs’ stockholders. SRS Labs’ common stock has ceased trading on the NASDAQ Global Market.

"Ultimately, the addition of SRS to the DTS family will allow us to solve audio quality limitations caused by the trend toward thinner, smaller devices, which we believe will provide consumers with a high quality audio experience anytime, anyplace, and on any device,” Jon Kirchner, DTS’ chairman and CEO.

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