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.”
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.
September 25, 2012