DTS Completes Imaging Division Sale

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DTS Inc. said Tuesday that it has completed the sale of its digital image business to India-based Reliance Big Entertainment Ltd. for $7.5 million in cash.


The sale closed April 4 and marks the Agoura Hills-based entertainment technology company’s exit from the image enhancement and restoration services business, the company said in a statement.


“We are pleased to have completed this transaction, which takes us one step closer to our goal of focusing entirely on our consumer business,” Jon Kirchner, DTS’ chief executive, said in a statement.


Reliance Big Entertainment is part of a conglomerate that is among India’s largest businesses with a market capitalization of $81 billion.


Shares in DTS were up 2.7 percent to $27.77 Wednesday.

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