Rovi agrees to acquire VC-backed Veveo
Rovi Corp has agreed to buy Veveo. The transaction is for approximately $62 million in cash at the closing and up to $7 million in additional cash payments based on meeting certain agreed-upon milestones. Headquartered in Andover, Mass., Veveo is a provider of personalized entertainment discovery solutions. Its backers include Matrix Partners, Norwest Venture Partners and North Bridge Venture Partners.
25 February 2014•4 mins read
