TiVo to Acquire Digitalsmiths for $135 Million
WSGR client TiVo, a leading provider of consumer DVR services and advanced television to the cable industry, announced on January 29, 2014, that it will acquire Digitalsmiths for $135 million in cash. Digitalsmiths offers personalized video search, recommendations and browsing, social trending, and mood-based discovery that can be used to connect viewers to the most relevant movies, TV shows, and live events available across a variety of viewing platforms, such as set-top boxes, tablets, smartphones, computers, and gaming consoles. The acquisition will allow TiVo to enhance its search and recommendation services for customers and create new avenues to commercialize and deploy its cloud-based services and technologies to operators.
The Wilson Sonsini Goodrich & Rosati team representing TiVo in the transaction includes:
Please click here to read TiVo's press release on the deal.