Pursuits
Dish Shares Rise Most Since 2008 After Settling TiVo Lawsuit
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Dish Network Corp., the second-largest U.S. satellite-TV provider, rose the most since 2008 after a patent settlement with TiVo Inc. that helps ensure Dish’s ability to keep offering video-recording services.
Dish and partner EchoStar Corp. will pay TiVo $500 million, including an initial payment of $300 million, as part of an agreement to dismiss all pending litigation, the three companies said in a statement today. The settlement gives Dish and EchoStar rights to use certain TiVo patents for video recording.