Rovi Acquires Veveo for $69,000,000

  • Feed Type
  • Date
    2/24/2014
  • Company Name
    Veveo
  • 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.
  • Website
    http://www.veveo.tv
  • Transaction Type
    M&A
  • Transaction Amount
    $69,000,000
  • 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.