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TiVo, Microsoft Agree To Dismiss Patent Suits Against Each Other

DOW JONES NEWSWIRES TiVo Inc. (TIVO) and Microsoft Corp. (MSFT) reached an agreement under which both companies will dismiss pending litigation over patents. No patent rights were granted to Microsoft by TiVo, the digital-video-recorder company said in a regulatory filing. Early last year, Microsoft filed a lawsuit in Washington, alleging infringement of four patents, and simultaneously filed a complaint with the U.S. International Trade Commission. Meanwhile TiVo has filed a slew of patent-infringement suits over its digital-video-recorder technology. TiVo on Thursday said it will dismiss its counterclaim against Microsoft, who has also agreed to dismiss all of its pending litigation against TiVo. Last month, TiVo reported it swung to a fiscal fourth-quarter profit, marking the most profitable quarter in its history, after Dish Network Corp. (DISH) and EchoStar Corp. (SATS) agreed to pay the company $500 million to settle a seven-year patent dispute over TiVo's digital video recorder technology. The company in January reached a separate deal with AT&T Inc. (T) that gives TiVo at least $215 million for its technology through June 2018. TiVo and Microsoft shares closed Wednesday at $11.56 and $31.91, respectively. Both were inactive premarket. -By Melodie Warner, Dow Jones Newswires; 212-416-2283; [email protected]

Stock News for Tivo (TIVO)
DateTimeHeadline
01/17/201712:57:12Amended Statement of Ownership (sc 13g/a)
01/04/201717:56:20Statement of Changes in Beneficial Ownership (4)
01/04/201708:07:00TiVo Delivers the Ultimate Music Experience with SongConnect
01/04/201708:05:00TiVo Launches Audience Management Platform for Audience Targeting...
01/04/201708:02:00TiVo’s CubiTV Selected by RJMPL to Power Advanced Entertainment E...
01/04/201708:00:00TiVo BOLT+ Recognized as CES 2017 Innovation Awards Honoree
01/04/201705:30:00TiVo Signs Long-Term Intellectual Property License with HBO
12/19/201617:27:34Statement of Changes in Beneficial Ownership (4)
12/19/201616:53:34Statement of Changes in Beneficial Ownership (4)
12/14/201608:00:00Frost & Sullivan Commends TiVo with 2016 Global Entrepreneurial...
12/14/201608:00:00Frost & Sullivan Commends TiVo with 2016 Global Entrepreneurial...
12/09/201611:28:07Amended Statement of Ownership (sc 13g/a)
11/28/201616:19:53Current Report Filing (8-k)
11/28/201616:10:00TiVo and Netflix Enter Into Product and Intellectual Property...
11/14/201606:01:55Notice of Effectiveness (effect)
11/14/201606:01:55Notice of Effectiveness (effect)
11/14/201606:01:54Notice of Effectiveness (effect)
11/14/201606:01:54Notice of Effectiveness (effect)
11/14/201606:01:54Notice of Effectiveness (effect)
11/14/201606:01:54Notice of Effectiveness (effect)

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