AOL Fast Forwards Cash Into TiVo

Share this article:
America Online, Dulles, VA, announced yesterday that it has increased its stake in personal video recorder company TiVo to 30 percent.


The deal has the ISP giant purchasing 15,658,292 shares of TiVo common stock.


AOL already had a 480,307-share stake in the company. It announced the increase as part of a three-year, $200 million agreement to develop a dual AOLTV/TiVo set-top box to be marketed directly to consumers.


AOL now owns 16,138,599 shares in TiVo, whose stock is hovering around $18 on the Nasdaq.
Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Digital Marketing

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Digital Marketing

Mobile Spend Vaults 76 Percent in First Half, IAB Reports

Mobile Spend Vaults 76 Percent in First Half, ...

Overall Internet ad revenues escalate by 15% to $23 billion, also fueled by increased activity in social media and video.

Top 20 Percent Is Twice as Good at Converting as the Rest

Top 20 Percent Is Twice as Good at ...

There are five reasons elite marketers trounce the competition: testing, targeting, spending, mobilizing, and democratizing.

Ecstatic Over Programmatic

Ecstatic Over Programmatic

Ads purchased programmatically will double this year to $10 billion, and then again to $20 billion in 2016, a new study forecasts.