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

Is the Next Mobile Already at Hand?

Is the Next Mobile Already at Hand?

Researchers quibble about just how big the Internet of Things is going to be, but a new report says it's going to be huge and that marketers need to pay ...

Sony Brings Data to Outdoor Advertising

Sony Brings Data to Outdoor Advertising

Norwegian moviegoers got front-row seats when Sony took dynamic digital ads off the Web and into theaters.

Ramp Introduces Video Platform for Marketers

Ramp Introduces Video Platform for Marketers

The cloud-based platform syncs with marketing automation and capitalizes on user behavior to extend view times.