Rovi and TiVo Receive Key Regulatory Clearance for Proposed Transaction

Rovi's acquisition of TiVo remains on schedule to close in the third quarter of 2016 SAN CARLOS, Calif. & SAN JOSE, Calif.--(BUSINESS WIRE)--Rovi Corporation (ROVI) and TiVo Inc. (TIVO) today announced that the Federal Trade Commission and the Antitrust Division of the Department of Justice granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act relating to the proposed acquisition of TiVo by Rovi. The proposed transaction remains subject to other customary closing conditions, including the approval of Rovi and TiVo stockholders. Early termination of the waiting period is granted only if both the Ant...