Rovi has agreed to acquire TiVo for $1.1 billion

TiVo… that’s a name that hasn’t been relevant in my life for years, and I’m far from the only one. Being able to record the movies and shows on your television so you can watch them later was awesome back in the day, but now that on-demand video and streaming have become the norm, TiVo isn’t all that useful. Its treasure trove of patents is the only reason TiVo has been able to make money in recent years, and a company by the name of Rovi has agreed to pay $1.1 billion to acquire TiVo and get its hands on all those valuable patents.