AT&T (NYSE:T) has settled a patent suit relating to digital video recorders.
The Washington Post has reported that the communication giant has paid $215 million to TiVo to settle a patent lawsuit involving the digital video recorder pioneer.
Tom Rogers, TiVo CEO said that the “bigger settlement resulted in part from the fact that AT&T heavily marketed its digital video recorders as a key difference between itself and bigger cable TV providers. From the get-go, their offering was primarily based on DVR.”
AT&T Inc. (NYSE:T) shares are currently standing at 30.38.
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