Rovi Acquires Veveo for $69,000,000

  • Feed Type
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  • Company Name
  • Mailing Address
    40 Shattuck Road Andover, MA 01810
  • Company Description
    Veveo’s mission is to simplify access to web video content from Internet-connected devices. Our vTap solution is a quick and easy way to experience web videos from input and display constrained devices such as mobile phones and TVs.
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  • Transaction Type
  • Transaction Amount
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Under the terms of the agreement, Rovi will pay approximately $62 million in net cash at the closing and up to $7 million in additional cash payments based on achievement of certain agreed-upon milestones.

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