TiVo Corporation, now a subsidiary of Xperi, won the bid to acquire the assets of MobiTV as part of its Chapter 11 bankruptcy process. It outbid a combination bid from Amino, Roku and RPX, with an offer of $18.5 million, including £17.4 million in cash, to acquire the intellectual property and patents of MobiTV and its business as a going concern. The National Cable TV Cooperative, which represents more than 800 tier 3 cable operators, had sought to put together a consortium bid on behalf of its members. Founded in 1999, MobiTV raised a total of $214 million over 9 rounds, most recently raising $50 million in 2019. MobiTV filed for voluntary Chapter 11 protection in March. T-Mobile, which used the MobiTV platform to power its now abandoned online video service TV Vision, had financed the company through TVN Ventures to keep it going through the process. TiVo said the acquisition of MobiTV will allow operators to launch a branded, fully featured, app-based subscription television service.