TiVo has made a surprise announcement for visitors to the Consumer Electronics Show in Las Vegas with the launch of the TiVo Stream 4K.
Xperi Corporation and TiVo Corporation have comfirmed the two companies have entered into a definitive agreement to combine in an all-stock transaction, representing approximately $3 billion of combined enterprise value.
Digital video recorder and software developer TiVo is on the verge of a merger with the technology licensing business Xperi Corp, it is reported.
TiVo has received a $715.0 million five-year Term Loan Credit Agreement and a further $60 million credit facility.
TiVo produced what management are calling a “solid” third quarter as its IP licensing division increased income amid falls in product revenues.
TiVo has announced its new receiving device will be accompanied by its own streaming network.
Both TiVo and Comcast have claimed victory in their long-running dispute over Rovi IP.
TiVo has named Dave Shull, former chief executive of The Weather Channel, as its new CEO, replacing interim CEO Raghu Rau, who becomes vice chairperson on the company’s board of directors.
TiVo has announced the arrival of a new solution for Android TV.
One year after TiVo first announced its strategic review the company has still to make a decision on its future.