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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology License agreement with Apple sends Rovi shares soaring AFP - Tuesday, September 21 Send IM Story Print NEW YORK (AFP) - – Shares in Rovi Corp. surged on Wall Street on Monday after the company, which makes interactive programming guides and other products, announced it had reached a licensing agreement with Apple. Rovi shares gained 9.14 percent to close at 46.45 dollars. Apple, meanwhile, hit an all-time high of 283.78 dollars during the day's trading before closing at 283.23 dollars, a gain of 2.85 percent. Rovi, in a brief statement to the Securities and Exchange Commission (SEC), said it had "entered into a multi-year agreement with Apple Inc. whereby Apple shall license intellectual property from the Company." It said the terms of the license agreement were confidential and did not provide any other details. Analysts said they believed Rovi was licensing its interactive program guides for use in Apple's iTunes and Apple TV service. John Vinh of Collins Stewart said he believed the agreement is worth 10 million dollars a year and that Rovi was expected to reach additional agreements with other content aggregators such as Netflix and Amazon. Recommend Send IM Story Print Related Articles Twitter under attack as hackers exploit security flaw AFP - 39 minutes ago US-TECH Summary Reuters - 52 minutes ago India in talks on BlackBerry e-mail access: source Reuters - 52 minutes ago Twitter says suffered security attack Reuters - 1 hour 36 minutes ago Visa tests smartphone payments in mass transit Reuters - 1 hour 52 minutes ago News Search Top Stories US home construction jumps Ireland, Greece, Spain sail through bond auctions Investors rush to buy Greek bond issue: debt office British public borrowing hits August record high Head of Italy's Unicredit may step down: source More Top Stories » Related Full Coverage Internet Portals & Search EnginesLatest development in the online world All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended US exits longest recession since World War II Australia warns of C.Games terror attack 'risk' Pakistan make 265-7 against England in cricket ODI Canadian space agency beams northern lights over Web BP's broken well in Gulf of Mexico is 'dead' More Most Viewed » Climate: New study slashes estimate of icecap loss US pastor puts Koran-burning on hold 'Time bomb' superbug requires global response: doctor Japanese rider Tomizawa dies in San Marino Moto2 GP Vitamin B 'could delay Alzheimer's onset' More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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