TiVo completes business split | Major Businesses | Business
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Entertainment technology and audience insights provider TiVo has made good on its plan to segment its businesses into two halves: One for its licensing and intellectual property/patent activities; and the other focussed on its set-top and DVR products.
tivo 11 may 2019
The idea, according to TiVo interim CEO Raghu Rau,, according to TiVo interim CEO Raghu Rau, is to make it easier to find buyers and investors as the company continues to review the possibilities for strategic transactions. The company began a strategic review last February.

“In the rapidly evolving market landscape we now operate in, we have determined that our Product and IP Licensing businesses will be better positioned as standalone separate entities,” said Rau. “Operating independently, these two businesses will have increased flexibility to pursue new and growing market opportunities. We believe this separation is the best way to maximise shareholder value, while also enhancing the possibility of value-creating strategic transactions.”

TiVo was acquired by Rovi for $1.1 billion in 2016, with the combined company adopting the TiVo name.

The company saw a net loss of $2.33 per share to end fiscal year 2018, compared to a profit of 28 cents a year ago. Revenue for Q4 came in at $168.46 million, which is a significant 21% off the year-ago quarter, and well under analysts’ estimates of $173.85 million.