Rovi Acquires DVR Company TiVo For $1.1 Billion

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By BeauHDApr 29, 2016, 6:20 pm90 pts
Major Blud writes: TiVo, maker of one of the first consumer DVR's, has been purchased by IP powerhouse Rovi (formerly known as Macrovision) for $1.1 Billion. The combined company will go by the TiVo name. According to USA Today, "Shares of Rovi (ROVI) were up 3.7% to $17.99 in premarket trading. TiVo (TIVO)…

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