TiVo may be bought by Rovi Corp

 

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Image: TiVo Mini

Rovi Corporation may be looking to purchase set-top-box maker TiVo, the New York Times reported today, although neither company would comment on the situation.

If there were a purchase, according to sources, TiVo shareholders would receive a combination of cash and stock through the deal.

TiVo’s current products include the 4k-capablie TiVo BOLT with ad-skipping features and the TiVo Mini for expanding TiVo functions into multiple rooms.

The company revolutionized television watching in 1999 when it launched a consumer digital video recorder along with early competitor ReplayTV.

Rovi provides metadata, guides and personalization for the entertainment industry.

TiVo shares were up 21.54% today, currently at $9.31. The shares had fallen 28% in the last year, with a 52-week low of $7.29.

Source: NYTimes

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