Battle Tested TiVo (TIVO) Patent Sets Stage for M&A as Smart TV Wars Loom

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TiVo (TIVO), Verizon (VZ) Enter Patent Settlement; Verizon to Pay $250.4M

September 24, 2012 8:02 AM EDT

TiVo Inc. (Nasdaq: TIVO) announced today that it has settled its pending patent litigation with Verizon Communications Inc. (NYSE: VZ) and that the companies have entered into a mutual patent licensing arrangement.

Under the terms of the settlement, Verizon will provide TiVo... More