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:
close

Next Article in Digital Marketing

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Digital Marketing

News Byte: CX Scores to Take Their Place Beside Price Listings

News Byte: CX Scores to Take Their Place ...

E-commerce aggregator PriceGrabber will begin offsetting price info with service expectations.

Data Byte: Interactive Ad Revenues Exceeding TV for the First Time

Data Byte: Interactive Ad Revenues Exceeding TV for ...

At nearly $43 billion, interactive advertising revenues exceeded broadcast for the first time in 2013.

Marketers: Data Rich and Knowledge Poor

Marketers: Data Rich and Knowledge Poor

While advertisers have become incredibly data-savvy, the most difficult challenge remains causally linking that data to outcomes that really matter.