The cash and stock deal, which Rovi expects to close in the third quarter, creates a new company valued, Rovi said, at around $3 billion and armed with nearly 6,000 patents and $800 million in annual revenue.
TiVo and Rovi Corp. continue to have serious discussions about a merger, Bloomberg reports.
Rovi has filed suit against Comcast, alleging the cable company and it set-top suppliers have violated 14 of its patents.
TiVo and Rovi are reportedly in "advanced negotiations" to merge in a deal that would see Rovi buy the DVR specialist for a yet to be determined price, according to the New York Times.
Rovi confirmed that it is winding down its Fan TV partnership with Time Warner Cable.
Michael Hawkey, who has headed EchoStar's Sling Media unit and its Slingbox product line for the past two years, is leaving the company to join Rovi Corp.
After acquiring voice-recognition software startup Veveo for $62 million 14 months ago, Rovi announced a major sale of the technology, embedding it into the video products of Dish Network.
Becoming the latest programmer to try to package its inventory for advertisers with greater insights as to what kind of viewers are watching it, A+E Networks has become the first to deploy Rovi's data-driven, targeted advertising platform, Ad Optimizer.
Pay-TV metadata and interface specialist Rovi has acquired four-year-old startup Fanhattan for an undisclosed sum.
In what the two parties described as a "first-of-a-kind agreement," the National Cable Television Cooperative has cut a licensing deal with Rovi for its digital terminal adapter guide, effectively giving all-digital customers more features for secondary televisions.