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US: TiVo said to be in merger talks with Rovi

By  |  March 24, 2016

TiVo, the pioneering DVR maker, is in “advanced negotiations” to be acquired by entertainment tech and data company Rovi, the New York Times reported, citing anonymous sources.

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    TiVo shares soared on the report of the merger talks, rising more than 20% Thursday. Rovi’s stock declined in early trading, before inching up about 1%.

    The deal would comprise a mix of cash and stock, with the final price tag still under discussion, according to the report. TiVo shareholders would “probably” own about 30% of the combined company, the Times reported.

    If consummated, the deal would bring together TiVo — which has shifted its business to selling software and hardware to pay-TV operators, away from retail sales of DVRs — with Rovi, a supplier of interactive program guides, entertainment metadata and related products to cable and satellite operators, consumer-electronics makers, media and entertainment firms, and Internet companies.

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