TiVo wins MobiTV auction with $18.5M bid

TiVo emerged as the winner on day 2 of an auction for MobiTV’s assets after fending off several raised bids from Amino in conjunction with Roku and RPX, a patent portfolio company.

TiVo’s winning $18.5 million bid for MobiTV comprised of $17.4 million in cash along with the APA submitted as part of the company’s baseline bid prior to the auction. The company beat out a competing $18 million bid comprised of $11.7 million in cash from Amino along with $5 million in cash from a Roku-RPX joint venture.

Source: TiVo wins MobiTV auction with $18.5M bid