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TiVo spikes on a report of buyouts bids

  • The Street reports several private equity buyers have expressed interest in a deal that would value the company at around $2.5 billion.
  • Friday's surge is the first significant uptick this month for the stock.
  • It's down more than 20 percent year to date.
A TiVo Inc. Stream device is displayed at Pepcom DigitalFocus in New York.
Scott Eelis | Bloomberg | Getty Images
A TiVo Inc. Stream device is displayed at Pepcom DigitalFocus in New York.

Shares of TiVo spiked Friday on a report the digital entertainment company has received buyout bids.

The Street reports several private equity buyers have expressed interest in a deal that would value the company at around $2.5 billion, citing anonymous sources.

The buyers reportedly offered just more than $20 a share, a significant markup from the $15 level they were trading at Friday morning.

The surge Friday is the first significant uptick this month for the stock. It's down more than 20 percent year to date.

TiVo did not immediately respond to a request for comment.

Read the full report from The Street here.