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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
Steve Tonsfeldt  Partner Palo Alto
Mischi a Marca  Partner San Francisco
Mike Faber  Retired Partner San Francisco
Peter Burns  Of Counsel Palo Alto
Mark Windfeld-Hansen  Senior Counsel Palo Alto
Michael Tollini  Partner Washington, DC, New York
Kristin Leavy  Special Counsel Washington, DC
Buff Miller  Senior Counsel Palo Alto
Marina Remennik  Special Counsel Palo Alto
Bryan Berman  Associate Colorado
Sepideh Mousakhani  Partner Palo Alto
Rishab Kumar  Partner Palo Alto
Megan Browdie  Partner Washington, DC
Kimberly Nguyen  Special Counsel Reston
Jason Savich  Partner San Francisco
Julia R. Brinton  Associate Washington, DC
Jonathan Rivinus  Partner Colorado