TiVo Reaches Deal With Cisco, Other Companies Over Patent Dispute
ALVISO (CBS/AP) -- TiVo reached a deal to settle patent disputes with Cisco, Motorola and Time Warner Cable.
Tivo will get an upfront lump-sum payment of $490 million from Google and Cisco. TiVo will also enter into patent licensing deals with Cisco, Google and Arris Group Inc.
Google Inc. bought Motorola Mobility in 2012 and sold its set-top making unit to Arris this year.
TiVo Inc., based in Alviso, has been suing pay TV companies, saying that they are using its patented technology in DVRs. Last year, it reached a $250 million settlement with Verizon.
With Friday's deal, its awards and settlement from patent lawsuits now total about $1.6 billion.
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