TiVo is getting acquired by Rovi for $1.1 billion
You won’t know Rovi, however the firm is seemingly fairly massive as it’s buying TiVo for $1.1 billion in a money-and-inventory deal. Rovi holds a bunch of patents associated to the leisure business and does loads of software program licensing to set-prime field makers. It additionally manages metadata for TV content material and promote them to cable corporations, and so on.
TiVo has been a pioneer within the DVR area. Many individuals gave up on their good previous VHS recorders to modify to a TiVo. And, in fact, TiVo additionally holds lots of patents.
So it appears like Rovi actually needed these patents. Rovi can pay $2.seventy five per share in money, which represents round $277 million. The remaining might be paid in inventory.
The brand new firm will probably be referred to as TiVo as finish shoppers are extra accustomed to the TiVo model than Rovi.
This can be a creating publish…