TiVo (NASDAQ:TIVO) is acquiring Digitalsmiths, a cloud-based content discovery and recommendation service. Under the terms of the deal, TiVo will pay $135 million in cash, subject to a working capital adjustment. The transaction is expected to close in the first quarter of fiscal 2015.
Digitalsmiths offers personalized video search, recommendations and browsing, social trending, and mood-based discovery for multiscreen video services.
