UBS sues TiVo for breach of contract over Rovi merger
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UBS Group AG is suing TiVo Corp for shutting it out of its merger with Rovi Corp. The bank had a contract to provide the digital-video recording pioneer with financial advice since 2010.
TiVo breached a contract requiring it to use UBS as its financial adviser on acquisitions and sales, the Zurich-based bank claimed in a lawsuit filed on Friday in New York state court in Manhattan.
