AT&T To Pay TiVo $215M In Patent Infringement Settlement
Law360, New York (January 3, 2012, 9:09 PM EST) -- AT&T Inc. will pay TiVo Inc. $215 million to settle two Texas and California patent suits over digital video recording technology after the companies entered into a mutual patent licensing arrangement, TiVo announced Tuesday.
In order to settle all pending litigation between the companies, the telecommunications giant agreed to an initial payment of $51 million followed by recurring quarterly payments through June 2018 for a total of $164 million.
"We are extremely pleased to reach an agreement with AT&T, which acknowledges the value of our intellectual property," said TiVo CEO and President Tom Rogers. "The settlement also provides us rights to...
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