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Digital entertainment technology company $ROVI said it agreed to acquire smaller rival $TIVO for $10.70 per share in cash and stock for total consideration of about $1.1Bil. On a pro forma basis, for the twelve months ended December 31, 2016, the combined company is estimated to have more than $800MM in revenue after purchase, the company said.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.