TiVo will receive at least $250.4 million from Verizon as part of a patent litigation settlement, the video recorder pioneer said on Monday, sending its shares up more than 4 percent. TiVo, whose brand is synonymous with digital video recorders, has had to turn to litigation to generate revenue from licensing fees as it struggles to fight competition from low-cost rivals. Analysts said the Verizon settlement could bode well for a TiVo victory in cases against other companies, including Time Warner Cable and Motorola Mobility, which is now owned by Google. Read the full story at Reuters.