If it seems like TiVo was just sold, you are right. Just about a year-and-a-half ago Rovi Corp merged with TiVo. Now there are “multiple expressions of interest from potential private equity buyers” for more than $20 per share according to a report from The Street.
Rovi Corp and TiVo merged mostly for the software and the patents that the two companies have. Now the questions are will they sell off their hardware side to these new buyers or are they looking to sell the company as a whole.
In recent months TiVo has made it clear that they view the software and discovery side of their business to be their main focus.
Overall TiVo seems to be in a good spot with new deals from companies including Roku, TCL, and Altice. TiVo also recently renewed deals with AT&T and J:COM, Japan’s largest cable company, and many other companies around the world.
Yet TiVo is also facing new headwinds in their hardware department as more Americans stream content and no longer need a physical DVR in their home.
For now all we have are reports, but The Street has a good track record on these types of early reports. We will have to see if this happens and, more importantly, what part of TiVo is sold.
Source: MultiChannel News
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