This post has been updated. See below for details.
TiVo sued Motorola last year for billions of dollars for patent infringement over its digital video recording technology. Motorola previously hit TiVo with a lawsuit over its DVR technology in 2011.
Bloomberg News reported Thursday afternoon that TiVo and Motorola had settled the patent dispute, citing a clerk in the trial judge's chambers. The trial was supposed to begin next week, according to Bloomberg.
Michael Boccio, a spokesman for TiVo, said the company had no comment.
A Motorola spokesman said "we're pleased that all parties involved have reached an agreement to resolve pending litigation."
Google bought Motorola in May 2012 for $12.5 billion.
TiVo shares rose $1.05, or 8.3%, to $13.71 at the close of trading in New York.
This post was updated to include a response from Motorola.Copyright © 2015, The Baltimore Sun