Rovi Discusses TiVo Acquisition

The New York Times says that Rovi is in ‘advanced’ talks to acquire TiVo, although, ‘it is still possible [that] a deal could falter’. Both companies are major names in digital media.

The merged company would be about 70% owned by Rovi, and 30% by TiVo. Rovi investor Glenn Welling is said to be the driving force behind the deal.