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TiVo announced $3 billion merger with Xperi

TiVo, the company whose name was once synonymous with DVR (digital video recorder) technology, has been fighting an uphill battle for the past decade or so as pay TV providers have integrated their own DVR features and streaming services have made cord cutting an increasingly viable option.

The company’s next play was expected to be a plan split into two companies: one that focused on licensing intellectual property, and another that focused on the products TiVo is known for.

Now it looks like that plan is out the window — TiVo has instead entered into a $3 billion merger with Xperi

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