Rovi Corporation (ROVI) Falls on TiVo deal

Rovi Corporation

moved back 1.7% to $17.05 as the company announced plans to buy TiVo in a $1.1-billion deal. Rovi reported Q1 adjusted earnings of $0.34 per share on revenue of $118.4 million. Share volume was 1.7 million, compared to an all-day average of 1.5 million