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TiVo shares rise on takeover speculation

By - Source: Tom's Hardware | B 0 comment
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TiVo shares jumped more than 17 percent on Wednesday, fueled by speculation that Apple Computer Inc. might make a try to buy the digital video recorder maker, analysts said.

"What we hear on the street is that Apple is interested in their business and that they are a takeout target," said analyst Steven Kroll Jr. of Monness, Crespi, Hardt & Co.

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