IPNews® – Verizon Communications Inc. agreed Monday to pay $250.4 million to settle TiVo Inc.’s patent infringement claims related to digital video recording technology.

The two companies will also enter a mutual patent licensing agreement, TiVo said. The pair are now pursuing possible collaborations in the realm of Internet video, according to TiVo. To continue reading, click: Verizon Pays $250M To End TiVo Litigation, License Patents