TiVo Corporation agreed to acquire Assets of MobiTV, Inc. for $18.5 million on May 12, 2021. TiVo Corporation has been selected as the winning bid in its court-supervised auction. Consideration includes combination of cash of $17.4 million and certain assumed liabilities. The transaction is subject to Bankruptcy Court approval, as well as regulatory approvals, execution of transition services agreement, and customary closing conditions. The transaction will be heard at a hearing with the U.S. Bankruptcy Court currently scheduled for May 21, 2021. As of May 21, 2021, U.S. Bankruptcy Court approved the acquisition of MobiTV. The transaction is expected to complete in the second quarter of 2021. FTI Consulting acted as financial advisor, Jason Rosell of Pachulski Stang Ziehl & Jones LLP and Cynthia Clarfield Hess and Mark Porter of Fenwick & West LLP acted as legal advisors to MobiTV, Inc. Rahul Kapoor and Eric Hwang of Morgan, Lewis & Bockius LLP acted as legal advisors to TiVo Corporation in the transaction. TiVo Corporation completed the acquisition of Assets of MobiTV, Inc. from MobiTV, Inc. on August 3, 2021. TiVo Corporation completed the acquisition of Assets of MobiTV, Inc. from MobiTV, Inc. on August 3, 2021.