This post has been updated. See below for details.
Shares of TiVo Inc. jumped more than 8% on Thursday because of a report that the set-top box maker had reached a settlement with Google's Motorola Mobility unit.
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 © 2014, Los Angeles Times