Reuters: Technology News: Verizon to pay more than $250 million in TiVo settlement

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Verizon to pay more than $250 million in TiVo settlement Sep 24th 2012, 12:42 Mon Sep 24, 2012 8:13am EDT (Reuters) - TiVo Inc, which sells set-top boxes and licenses its digital video recording (DVR) technology to cable operators, said it settled its pending patent litigation with Verizon Communications Inc. 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. (neha.alawadhi@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 4135 6385; neha.alawadhi.thomsonreuters.com@reuters.net)

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