Samsung, TiVo reach terms on intellectual property agreement

TiVo Corporation (NASDAQ: TIVO) has agreed with Samsung Electronics Co., Ltd. to terms regarding a broad intellectual property license that will provide certain rights under TiVo´s patent portfolios for Samsung´s leading mobile, consumer electronic and set-top box businesses, the company said.

As part of the agreement, the parties will seek an immediate stay of all pending litigation and patent challenges between the two companies and, upon satisfaction of certain conditions in quarter four 2016, will seek dismissal.

TiVo provides entertainment technology and audience insights. From the interactive program guide to the DVR, TiVo delivers innovative products and licensable technologies that revolutionize how people find content across a changing media landscape.