TiVo (Nasdaq: TIVO), which continues to knock around the pay TV space with Charter Communications (Nasdaq: CHTR), among others, is looking to raise $150 million through the sale of convertible senior notes. The company said it would use the money to "fund intellectual property litigation (and there's a bunch of that) and research and development spending" as well as for "general corporate purposes."
The once-dominant (and before that only) digital video recording device manufacturer is also looking outside its traditional business market to become a streaming device for iPads, according to the Apple (Nasdaq: AAPL)-centric Cult of Mac.
The report said that TiVo is polling customers on an option to "stream live TV, DVR recordings and TV shows from a cable company's On Demand library to one's iPad." This would be a "killer feature," the report said, before adding, "I don't know if TiVo can pull it off."
For more:
- see this news release
- and this story
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