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Rovi nearing deal to acquire DVR maker Tivo Inc: Bloomberg

Reuters

(Reuters) - Rovi Corp, which provides digital entertainment guides, is nearing a deal to acquire digital-video recording maker TiVo Inc, Bloomberg reported citing sources.

Talks have progressed and Rovi may announce a deal as soon as Friday, the report said, citing people with knowledge of the matter.

Rovi and TiVo were not available to comment outside of regular U.S. business hours.

(Reporting by Subrat Patnaik in Bengaluru; Editing by Bernard Orr)