AOL Fast Forwards Cash Into TiVo
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.