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MobiTV Announces TiVo As Winning Bidder In Court-Supervised Chapter 11 Auction


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EMERYVILLE, Calif., May 12, 2021 /PRNewswire/  MobiTV, Inc. ( MobiTV ) today announced that TiVo Corporation ( TiVo ), a wholly owned subsidiary of Xperi Holding Corporation, has been selected as the winning bid in its court-supervised auction and will acquire substantially all of MobiTV s assets. TiVo s bid was valued at $18.5 million in a combination of cash and certain assumed liabilities. The transaction is subject to Bankruptcy Court approval, as well as regulatory approvals and customary closing conditions.
Charlie Nooney, CEO of MobiTV, stated,  On behalf of our entire management team, I d like to extend sincere gratitude to the employees and partners that have enabled us to reach this outcome. We look forward to a swift close of the transaction. ....

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