By Michaela Ross, Bloomberg News
Rovi Corp., one of the largest owners of patents for digital entertainment devices, plunged the most in five months after the company sued Comcast Corp. following failed efforts to renew a licensing contract.
The shares fell as much 19 percent to $16.61, the biggest intraday drop since Oct. 29, 2015, and were trading at $17.92 at 11:58 a.m. in New York Friday.
Rovi, which provides on-screen guides for TV program listings and audience measurement services for advertisers through set-top boxes, said it would hold off on litigation against Dish Network Corp. and EchoStar Corp. as it ...
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