Could Microsoft be a potential buyer for TiVo? |
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Could Microsoft be a potential buyer for TiVo?
Shares of TiVo were up more than 4 percent after an article in Barron's made the case that the company is undervalued and could be a takeover target for others including Microsoft.
Shares of the San Jose-based digital video recorder company rose to around $11.70 before the opening bell. They closed Friday at $11.23 and have traded in a 52-week range of between $7.06 and $12.65.
The Barron's story, which was posted online Saturday, said that TiVo has sought-after technology, a good cash stash, tax advantages and a modest $1.31 billion market value. Those factors, the story said, could make the company an attractive buyout target for Google, Microsoft or others. And a potential takeover deal could push the stock to the mid-$20s, Barron's predicted.
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