Dolby Laboratories
Assembly Line
Dolby Laboratories Announces Agreement to Acquire GE Licensing from GE Aerospace
Dolby Laboratories, Inc. (NYSE: DLB), a leader in immersive entertainment experiences, announced that it has entered into a definitive agreement to acquire GE Licensing, which owns, maintains, and licenses an extensive portfolio of IP primarily targeting the consumer digital media and electronics sectors.
As one of the most respected companies in the field of patent licensing and management, GE Licensing is a leading innovator with world-class patents and licensing expertise, especially with respect to pioneering video codec technology. The transaction will include a portfolio of over 5,000 patents, including foundational patents in standard essential video compression. GE Aerospace will retain its portfolio of IP related to its core aerospace and defense technologies, as well as the trademark portfolio for the GE brand.