Rovi is in advanced talks to acquire Tivo for an as yet undetermined price, the New York Times reported, citing sources briefed on the talks. The deal would merge the two companies, with Tivo shareholders receiving a combination of cash and stock, the sources said. Talks are still at a sensitive stage and could still fall through.
Should a deal be struck, shareholders of TiVo, which has a market value of USD 750 million, would probably own about 30 percent of the combined company. Rovi’s market value is about USD 1.7 billion. Neither companies were available for comment.
