TiVo can be acquired by patent big Rovi for $1.1 billion
Rovi has agreed to accumulate DVR maker TiVo in a deal value $1.1 billion. The acquisition, which was rumored to be near completion in March, might be half money, half shares — solely $277 million will truly change arms, with the remainder of the determine being paid out in inventory of a brand new firm that may personal each Rovi and TiVo. Topic to the standard regulatory approvals, the acquisition will full in Q3 2016, after which the joint entity might be referred to as TiVo.
When you’re conscious of TiVo, you in all probability do not know what Rovi is or does. The corporate began life as MacroVision, and owns hundreds of patents referring to DRM and program guides. Extra just lately, it is principally been within the information for wielding these patents liberally in numerous lawsuits, together with a case towards Netflix that it will definitely misplaced. TiVo additionally has numerous IP referring to its DVR tech. With the acquisition, the brand new TiVo could have over 6,000 patents, and a few far-reaching claims to royalties within the DVR market.