Gemstar-TVGuide Buys TV Software Company Aptiv Digital For $16 Million

Gemstar-TV Guide has been doing some small, strategic acquisitions in the digital media space, and this time it is Aptiv Digital, a Burbank, CA-based company that provides software solutions for TV set-top boxes. The total price was about $16 million in cash.
Aptiv was founded in 1996 as Pioneer Digital Technologies. In 2005, Pioneer Digital was spun-off to its management team who formed Aptiv Digital. Their products are interactive navigation software systems that include various interactive program guides, which have been ported to both Motorola and Scientific Atlanta platforms. There are some complications on Aptiv vs Pioneer and how TVGuide has been working with them in the past..details in this CED story is you’re interested.
More acquisition details in release.

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