Friday, April 1, 2011

Tivo Climbs On Renewed Takeover Chatter

Shares of TiVo Inc. (NASDAQ: TIVO) climbed more than 1% Thursday on renewed speculation that the could be a takeover target. Last month, hedge fund company Citadel Investment Group disclosed a stake of more than 5 percent in the digital video recorder maker. On March 1, TiVo said its fiscal fourth-quarter net loss more than tripled after the company sold steeply discounted set-top boxes during the holiday season and racked up legal fees in a series of patent disputes. TiVo also forecast a larger-than-expected loss for the current quarterTiVo provides television technology and services that include digital video recorders in the United States and internationally. Stay tuned for more.

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