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An Apple Tivo – Yes Please!

By February 25, 2005No Comments

Shares in TiVo, the digital video recorder pioneer, have risen sharply on speculation that it could be bought by Apple Computer.

TiVo shares shot up 17% on Wednesday after financial analysts said the US firm could be a takeover target.

Apple, Time Warner, Comcast, Sony and Liberty Media have all been suggested as potential buyers.

TiVo has become a household name in the digital video market but is facing competition from cheaper rivals.

Analysts said TiVo’s relatively small stock market capitalisation – its shares are valued at $300m (£157m; 226m euros) – meant it was an attractive target for larger media and technology firms.

“What we hear on the street is that Apple is interested in their business and that they are a takeout target,” Steven Kroll, from Monness, Crespi and Hardt, told Reuters.

Neither TiVo nor Apple were prepared to comment on the speculation.

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