Xperi subsidiary Perceive Corp agrees to sell assets to Amazon for $80M cash

Xperi Inc.

Xperi's 76.2%-owned subsidiary Perceive Corp signs asset purchase agreement with Amazon.com Services LLC for $80M in cash.
Transaction covers substantially all assets and certain liabilities of Perceive, including a holdback for indemnification obligations.
Closing subject to regulatory approvals and customary conditions; deal may be terminated if not closed within 90 days (6 months for regulatory).
Post-closing, Xperi and Perceive are bound by 3-year restrictive covenants limiting competing business activities.

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