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Rovi Said Nearing a Deal to Acquire DVR Pioneer TiVo Inc.

Rovi Corp., which provides on-screen guides for pay-TV listings, is nearing a deal to acquire digital-video recording pioneer TiVo Inc., people with knowledge of the matter said.

Talks have progressed and Rovi may announce a transaction as soon as Friday, said the people, who asked not to be identified discussing private negotiations. Rovi will likely pay a premium of about 10 percent for TiVo, said the people, implying a value of about $1 billion.

Rovi Thursday postponed a scheduled quarterly earnings call until tomorrow morning, without providing a reason. TiVo closed at $9.42 Thursday, giving the San Jose, California-based company a...


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