You’ve probably heard of both DTS and SRS Labs or seen their logos, but you might not be able to explain exactly what these companies do. To put it simply: both enhance the sound from our electronics, and now, they’ll be doing it together. In a cash-and-stock deal worth just under $ 10 a share DTS will acquire SRS Labs, giving the new company over a thousand audio related patents (what else?) and trademarks. The deal is valued at about $ 148 million and expected to be accretive to DTS by 2013. It’s hard to predict what this might mean for us consumers, but we’re sure both hope that when two great companies get together they find new ways to make better products. Of course,, that isn’t always how these deals turn out.