TiVo Inc. shares jumped more than 17 percent on Wednesday, fueled by speculation that Apple Computer Inc. might make a try to buy the digital video recorder maker, analysts said.
“What we hear on the street is that Apple is interested in their business and that they are a takeout target,” said analyst Steven Kroll Jr. of Monness, Crespi, Hardt & Co.
Representatives for Apple and TiVo both declined comment.
TiVo’s chief executive, Michael Ramsay, has said the company is not for sale. But with a market capitalization of only $300 million, analysts figure the company might be an easy target, perhaps from consumer electronics makers to media companies looking to bolster their video services.
Read the complete story @ Reuters
~Original poster, I used the original source for both articles as it had a bit more info on the story~Moneoa
