The Federal Trade Commission and the Antitrust Division of the US Department of Justice has completed its investigation into the proposed purchase of TiVo by Rovi.
It means the acquisition of the advanced set-top developer is on course to complete in the third quarter of the year.
“We are delighted to reach the important milestone of obtaining clearance from the Federal Trade Commission and the Department of Justice, which brings us one step closer to joining forces with TiVo,” said Tom Carson, CEO of Rovi. “The combination of Rovi and TiVo brings together two industry powerhouses focused on ushering in the next wave of the consumer entertainment experience. Our complementary products, services and innovative patented technologies will transform the media and entertainment landscape further enabling our customers to build more profitable relationships with consumers.”
A number of other clearances remain, not least those of Rovi and Tivo’s own shareholders.