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.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has 900 lawyers across 12 offices in the United States, China and Europe.

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)

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.