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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; melodie.warner@dowjones.com

Stock News for Tivo (TIVO)
DateTimeHeadline
03/28/201708:00:00TiVo Signs Patent License Agreement with DWANGO
03/22/201704:24:00TiVo Partners with Sky to Launch Voice Search
03/20/201723:55:50CORRECTING and REPLACING -- TiVo Corporation (Nasdaq: TIVO) to...
03/20/201710:00:00TiVo Corporation (Nasdaq: TIVO) to Ring The Nasdaq Stock Market...
03/17/201719:00:53Statement of Changes in Beneficial Ownership (4)
03/14/201716:12:21Proxy Statement (definitive) (def 14a)
03/13/201708:00:00TiVo Hires Walt Horstman to Lead Analytics and Advertising
03/03/201717:50:46Statement of Changes in Beneficial Ownership (4)
03/03/201717:48:10Statement of Changes in Beneficial Ownership (4)
03/03/201717:45:30Statement of Changes in Beneficial Ownership (4)
03/03/201717:42:46Statement of Changes in Beneficial Ownership (4)
03/03/201717:41:03Statement of Changes in Beneficial Ownership (4)
03/01/201717:01:59Current Report Filing (8-k)
03/01/201716:24:41Proxy Statement - Notice of Shareholders Meeting (preliminary...
03/01/201716:17:10Current Report Filing (8-k)
02/27/201712:00:00TiVo’s Post-Show Report From Hollywood’s Shocking Night at the...
02/21/201710:00:00DataXu and DWA Transform Traditional TV Buying
02/17/201717:24:12Current Report Filing (8-k)
02/15/201716:28:05Annual Report (10-k)
02/15/201716:27:40Current Report Filing (8-k)

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