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Rovi Completes $1.1 Billion TiVo Buy, Converts Its Corporate Name to TiVo

Rovi renamed itself TiVo, following the completion of its acquisition of the DVR innovator for $1.1 billion in cash and stock (see 1604290044), the company said in a Thursday announcement. “Consumers face a fragmented media landscape when it comes to…

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devices and platforms, and content owners and service providers want to understand their audiences better and help their customers navigate an ever-increasing set of content choices,” said CEO Tom Carson. The newly combined TiVo is “uniquely positioned” to address that landscape, Carson said.