Rovi to Acquire TiVo for $1.1 Billion

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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Press Coverage:

"Rovi Buys TiVo in $1.1 Billion Deal," The New York Times

"Rovi to Buy DVR Maker TiVo for $1.1 Billion," Reuters

"Rovi Corp to Buy TiVo," Reuters

"Cooley and Skadden Get Call on Rovi-TiVo Deal," The Recorder (Subscription required)

"Rovi Acquires TiVo," Law360

"Cooley, Skadden Steer $1B Rovi-TiVo Deal," Law360

"Rovi Pays $1.1B for TiVo in Elusive Synergy Search," The Deal

"Rovi to Buy DVR Maker TiVo for $1.1 Billion," CNBC

"Rovi to Buy DVR Maker TiVo for $1.1 Billion," Yahoo! Finance

"Rovi to Buy DVR Maker TiVo for $1.1 Billion," Investing.com

"Rovi to Buy DVR Maker TiVo for $1.1 Billion," Deal Street Asia

"Rovi Buys TiVo for $1.1 Billion," The Wrap

"Rovi to Acquire TiVo for $1.1B," Multichannel News

"Rovi Acquires TiVo," The American Lawyer

"Dealmakers: Cooley, Skadden Tapped to Combine Rovi, TiVo in $1.1B Deal," Daily Journal (Subscription required)

Related Contacts
Jon Gavenman Partner, Palo Alto
Craig Menden Partner, Palo Alto
Steve Tonsfeldt Partner, Palo Alto
Mischi a Marca Partner, San Francisco
Mike Faber Senior Counsel, San Francisco
Becket McGrath Partner, London
Peter Burns Partner, Palo Alto
Mark Windfeld-Hansen Partner, Palo Alto
Michael Tollini Partner, Washington, DC
Kristin Leavy Special Counsel, Washington, DC
Buff Miller Senior Counsel, Palo Alto
Marina Remennik Special Counsel, Palo Alto
Laura McDaniels Special Counsel, Palo Alto
Bryan Berman Associate, Colorado
Kristen Killian Associate, Palo Alto
Sepideh Mousakhani Associate, Palo Alto
Rishab Kumar Associate, Palo Alto
Megan Browdie Associate, Washington, DC
Kimberly Nguyen Associate, Reston
Jason Savich Partner, San Francisco
Julia Renehan Associate, Washington, DC
Jonathan Rivinus Associate, Colorado
Kelsey Velemirovich Associate, Colorado