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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

DeeperDive is a beta AI feature. Refer to full articles for the facts.

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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