TiVo up for grabs?
January 3, 2018
By Chris Forrester
Reports from Wall Street suggest that entertainment technology and audience insights specialist TiVo might be in play. Numerous reports say that private equity buyers are looking at TiVo and its valuable royalty assets.
December 29th saw its share price rocket by 11.4 per cent to $14.05 (€11.67) although this price remains well down on its position precisely a year ago of $20.
New York-based stock market publication The Street is reporting that several private equity buyers are looking at the company and says the valuation would be in the region of $2.5 billion. TiVo has a market capitalisation of some $1.89 million.
The Street says the offer price is more than $20, which would represent a premium over the current value.
According to TiVo, it is sitting on some $93 million in cash and cash equivalents (as at September 30th, 2017), another $132 million in marketable securities, and another $88 million in longer-term securities.
TiVo has made no comment on the reports. TiVo merged with Rovi in 2016.