ROVI Up 5%: Plans Sale of Entertainment Store, Raises Profit Outlook
Shares of interactive television program guide developer Rovi (ROVI) are up 82 cents, over 5%, at $16.67, after the company this evening announced it will pursue a sale of its “Rovi Entertainment Store” business in order to focus on “core enabling technologies and services.” The company has retained GCA Savvian Advisors LLC to pursue the [...]
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