TiVo attracts takeover offers from private equity - report

News Video Global 3 JAN 2018
TiVo attracts takeover offers from private equity - report

TiVo has received multiple expressions of interest from potential private equity buyers, a person familiar with the situation told TheStreet.com. The offers valued TiVo at slightly more than USD 20 a share, a significant premium to Tivo's recent trading price of about USD 14 a share. 

The company's shares rose as much as 10 percent after the report. TiVo is not in the midst of a strategic review; its business has performed well since its merger with Rovi in 2016.

Categories:

Video,  Internet

Companies:

TiVo,  Rovi

Regions:

Global

Tags:

Devices, M&A buyouts & divestments

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