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."
Embattled TiVo loses more subs, money in fourth quarter
Charter, TiVo converging TV and Internet