TiVo to separate its product and licensing divisions
Reading Time: 3 minutes Post Views: 1,729 TiVo Corporation announced that the company’s Board has unanimously approved a plan to separate its Product and IP Licensing businesses. Based upon an extensive review of strategic alternatives, TiVo’s Board of Directors decided that separating its Product and IP Licensing businesses is believed to be the best strategy to maximize shareholder value. Accordingly, TiVo intends to spin out its Product business to shareholders. Throughout the separation process, the Board of Directors will continue to be open to strategic transactions for each business that could create additional stockholder…
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