May
01
Rovi Agrees to Acquire DVR Pioneer TiVo
Posted in: Uncategorized
Rovi Corp., which provides on-screen guides for pay-TV listings, has agreed to buy digital-video recording pioneer TiVo Inc. in a deal valued at $1.1 billion.
Rovi will pay for $10.70 per share in cash and stock, according to a statement Friday.
Much of TiVo’s value to Rovi derives from intellectual property related to its development of DVRs. TiVo successfully settled several patent infringement lawsuits over the devices in recent years, including with Alphabet’s Google, Cisco Systems and Dish Network.
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