Interest is growing in a potential private equity acquisition of TiVo.
Last Friday, quoting a person familiar with the situation The Street reported “multiple expressions of interest” in the digital entertainment company. Subsequently, the company’s NASDAQ-quoted stock rose by 11 per cent.
The Street said the purchase offer was greater than $20 per share.
The present TiVo was formed in September 2016 following its acquisition by Rovi.
In recent months TiVo has signed agreements with Altice USA, Discovery Communications and Liberty Global. The latter product and IP agreement with described as a multi-year extension.
In November, Enrique Rodriguez was confirmed as TiVo’s new President and CEO.