Satellite television provider DirecTV on Tuesday said it has sold its equity stake in TiVo Inc., the television recording technology company that counts DirecTV as its biggest source of new subscribers.
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DirecTV spokesman Robert Mercer said the sale was in line with its policy of selling assets not central to its strategy.
"We have sold our equity stake in TiVo," said DirecTV spokesman Robert Mercer. "Our relationship with TiVo is strong, and they are an important part of our product lineup."














