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    Rovi buys TiVo for $1.1 billion
    Rovi today announced plans to purchase TiVo for $1.1 billion. The combined companies will use the TiVo name going forward. Rovi is a company who provides metadata services for digital television -- they're the ones responsible for providing the descriptions, runtimes, and cast information you see on several cable guides and entertainment apps like Netflix, for example. Buying TiVo gives them a hardware DVR business to supplement their other TV interests.

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