TiVo (TIVO) Higher On Takeover Speculation
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Shares of TiVo Inc. (Nasdaq: TIVO) are higher in pre-open trading Friday following a Bloomberg article which suggested the company could be an attractive takeover target following its long patent battle with Dish Network (Nasdaq: DISH).
The company could be worth $20 in sale, according to an analyst at Maxim Group.
Google Inc. (Nasdaq: GOOG), Microsoft Corp. (Nasdaq: MSFT) or Rovi Corp. (Nasdaq: ROVI) could find the TiVo an attractive target analysts at Janney Montgomery Scott said.
Shares of TiVo are up 4.5 percent in pre-open action.
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The company could be worth $20 in sale, according to an analyst at Maxim Group.
Google Inc. (Nasdaq: GOOG), Microsoft Corp. (Nasdaq: MSFT) or Rovi Corp. (Nasdaq: ROVI) could find the TiVo an attractive target analysts at Janney Montgomery Scott said.
Shares of TiVo are up 4.5 percent in pre-open action.
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