TiVo has received approval from an US Bankruptcy Court Judge to acquire certain assets from Aereo.
The acquisition does not include the famed miniature antennas of Aereo, but only its trademarks and customer lists.
“TiVo has always innovated to meet the constantly changing ways TV audiences choose to access content,” commented Tom Rogers, President and CEO of TiVo.
“This strategic acquisition of Aereo’s trademarks and customer lists will enhance our ability to serve the growing segment of consumers who want access to both broadcast television and over the top content. TiVo has found success in providing a more comprehensive offering and sophisticated user experience than any other player in the marketplace and we look forward to expanding on that success.”
The decision was made March 12 in US Bankruptcy Court in Manhattan as the finalisation of the February 24 sale of Aereo’s patents, hardware and other assets.