Xperi sells AutoSense business to Tobii for $42.7M; focuses on entertainment

Xperi Inc.

Sale proceeds: ~$27.7M senior secured note (8% interest, three annual installments from 2027) + $15M cash (2028-2031) plus contingent consideration.
Transaction expected to close within 30 days, subject to customary conditions.
Estimated ~$30M revenue impact in 2024; transaction expected to be modestly accretive to Adjusted EBITDA.
Approximately 280 employees transfer to Tobii; Xperi shifts focus to Smart TV, Connected Car, Video over Broadband.
Centerview Partners and DLA Piper served as financial and legal advisors to Xperi, respectively.

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