SAN CARLOS and SAN JOSE, CA – Rovi is buying TiVo in a cash and stock deal worth US$1.1 billion, and will assume the “iconic” TiVo brand as the new company name, the companies announced Friday morning.The new company combines two media and entertainment technology innovators with complementary products, services, and intellectual property assets, including a combined IP portfolios of over 6,000 issued patents and pending applications, reads the news release. The combined benefits of the deal will also include enhanced global reach, serving nearly 500 service providers across the U.S. and globally, adding more than 10 million TiVo-served households...
