Palo Alto – April 30, 2016 – Cooley is advising Rovi on its acquisition of TiVo for $1.1 billion, which will create a leader in the entertainment technology industry with a very strong history of innovation from both combining companies. The transaction, subject to regulatory approval and closing conditions, is expected to close in Q3 of 2016.
Rovi creates personalized and data-driven ways for viewers to discover the right entertainment and for providers to discover the right audiences. TiVo's innovative cloud-based Software-as-a-Service solutions enable viewers to consume content across multiple screens in and out-of-the home. The combined company will have worldwide portfolios of more than 6,000 issued patents and pending applications.
"Rovi's acquisition of TiVo, with its innovative products, talented team, and substantial intellectual property portfolio, strengthens Rovi's position as a global leader in media discovery, metadata, analytics, and IP licensing," said Tom Carson, CEO of Rovi.
The Cooley corporate and M&A team advising Rovi includes Jon Gavenman, Craig Menden, Steve Tonsfeldt, Kristen Killian, Sepideh Mousakhani, Marina Remennik, Kristin Peardon, Stephanie Choo, Brittany Jones and Rishab Kumar.
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