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The Boston Globe

Business

TiVo settles patent lawsuit against Verizon

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Verizon will pay Tivo at least $250.4 million to license its digital video-recording technology and settle a suit — Tivo’s third settlement in recent patent cases. Tivo alleged Verizon and others copied its DVR technology. Its string of settlements ‘‘bodes well for its future litigation,’’ said Alan Gould, an Evercore analyst. Tivo goes to court against Google’s Motorola unit and Cisco Systems next year.

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