Rovi to buy DVR maker TiVo for $1.1 billion

April 29, 2016 12:06 PM

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Rovi to buy DVR maker TiVo for $1.1 billion

Rovi Corp, a provider of digital entertainment guides, said on Friday it would buy digital-video recorder pioneer TiVo Inc in a deal valued at about $1.1 billion.

The $10.70 per-share cash-and-stock offer represents a premium of 13.6 percent to TiVo's Thursday closing.

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