Sunday October 26, 2014

TiVo settles payment litigation with Verizon

TiVo settled its pending patent litigation with Verizon via an agreement where Verizon will pay TiVo $250.4 million through July 2018.

CNBC News is reporting that TiVo has settled its pending patent litigation with Verizon Communications. According to the network, “the companies have entered into a mutual patent licensing agreement, under which Verizon will provide TiVo compensation of about $250.4 million through July 2018. The companies agreed to dismiss all pending litigation between them.”

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