TiVo to acquire Rovi for $1.1 billion

It’s official: The tech and software company Rovi is acquiring TiVo for about $1.1 billion in cash and stock. Rovi CEO Tom Carson will helm the new company – though “Rovi CEO” won’t be his job title much longer, as the new company will simply be called TiVo. Rovi, a sometimes-litigious patent giant that makes more money from intellectual property than any other area of its business, likely saw a kindred spirit in TiVo, which owns many royalty-producing patents related to its DVR technology. The combined company will own over 6,000 patents total. Something else that the Rovi likely found appealing: In recent years, the TiVo Research unit has become a formidable research apparatus, and built up a trove of valuable analytics data related to TV viewership.

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Job of the Week CREATIVE DIRECTOR ESP GAMING Las Vegas Own the front-to-end design process for ESP Gaming’s prod projects. Deep TV design exp, world class creative vision, passion for sports and competitive gaming, 7+ yrs in creating TV brdcst packages (sports or esports). Full description HERE Resume HERE CynopsisJOBS […]

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