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Dolby Laboratories To Acquire GE Licensing In $429M Cash Deal: Strengthens Patent Portfolio

By Shivani Kumaresan
June 6, 12:06 PM
Dolby Laboratories is set to acquire GE Aerospace's GE Licensing, which holds over 5,000 patents in consumer digital media and electronics. This $429 million acquisition will enhance Dolby's patent portfolio, strengthening its position in video compression technology. The transaction, expected to close by fiscal year 2024, aims to boost operating margins and EPS in fiscal 2025.

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What’s Going On With GameStop Stock?

By Adam Eckert
June 6, 12:02 PM
GameStop shares surged in early May after Keith Gill, also known as "Roaring Kitty" made his return to social media following three years of silence. Gill is often credited with spearheading the meme stock movement of 2021 that saw multiple heavily shorted stocks squeeze higher as retail traders piled into the names.

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