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Jun 6, 2013 11:08 PM by Jesse Cohen

Motorola says it has settled with TiVo

LOS ANGELES (AP) - Motorola says it has reached a settlement with digital video recording pioneer TiVo ahead of a patent trial that was to start in a Texas court next week.

A Motorola spokesman said Thursday that the company was pleased the pending litigation had been resolved.

The spokesman didn't put a monetary value on the settlement. A TiVo spokesman declined to comment.

TiVo Inc., which is based in Alviso, Calif., has been suing pay TV companies that it says use its patented technology in DVRs. Last year, it reached a $250 million settlement with Verizon.

Google Inc. bought Motorola in 2012 for $12.4 billion but sold its set-top making unit to Arris Group Inc. of Suwanee, Ga., in April.

An earlier Bloomberg report of the settlement sent TiVo's shares up 8 percent.

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