ROKU - TiVo Wants to Rip Entire Chapters From Roku's Hyper-Growth Playbook
Entertainment technology developer TiVo (NASDAQ: TIVO) reported earnings on Wednesday, May 6, but the report wasn't the company's most interesting bit of news that day.
Knee-deep in a proposed merger with technology licensing expert Xperi (NASDAQ: XPER), TiVo also chose to release a new product on Wednesday. The TiVo Stream 4K amounts to a strategy change because it proves that TiVo really doesn't want to become a leading vendor of technology solutions. It actually wants to be the next Roku (NASDAQ: ROKU) instead.
Don't get me wrong -- TiVo has every intention of closing that merger with Xperi. TiVo's shareholders will vote on the merger in the company's annual shareholder meeting, which will be held online near the end of May. The deal is expected to close by the end of the second quarter.