Could DVR pioneer TiVo (Nasdaq: TIVO) be acquired? After a years-long legal battle over its patents recently ended in a rich settlement, TiVo could be in a position to charge service providers higher fees to use its technology, and to reap more revenue, prospect that may interest the likes of Google (Nasdaq: GOOG), Microsoft (Nasdaq: MSFT) or Rovi in a TiVo takeover, according to statements Janney Montgomery Scott LLC, made in a Bloomberg article.
The company is fresh off its $500 million DVR lawsuit settlement with Dish Network (Nasdaq: DISH), though TiVo still has ongoing lawsuits against AT&T (NYSE: T) and Verizon Communications (NYSE: VZ), and also faces counter suits (TiVo has had a much friendlier relationship with cable TV operators). But, the first settlement may open the door to others, and clear the decks for TiVo to potential sell itself, some believe.
That would be a nice payback for shareholders after the company essentially has been mocked for years for its financial performance.
-see this Bloomberg report
TiVo unveiled new products at the recent Cable Show
The Dish settlement carried TiVo to a rare quarterly profit