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UBS sues TiVo for breach of contract over Rovi merger

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Published Sun, Jan 29, 2017 · 09:50 PM

Manhattan

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.

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