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TiVo exploring strategic alternatives

TiVo Corp. shares were up more than 12% in after-hours trading Feb. 27 after the company said in its fourth-quarter 2017 earnings release that it is exploring strategic alternatives, including a potential sale.

The strategic options "range from transformative acquisitions that would accelerate our growth, to combining our business with other leading players, to becoming a private company."

The company engaged LionTree Advisors to help evaluate options.

TiVo posted fourth-quarter 2017 net income of $18.4 million, or 15 cents a share, compared to $9.8 million, or 8 cents per share, in the year-earlier quarter. Income from continuing operations included a non-cash benefit of $26.6 million from the 2017 tax act.