TiVo Ups Their Credit Line
Davis Freeberg’s Digital Connection – TiVo Takes Out $50 Million Marker – Don’t Worry It’s From Citigroup Not Tony Soprano Davis Freeberg reports that TiVo just negotiated a $50 million line of credit with Citigroup replacing a $15 line with Silicon Valley Bank that expired last September.
Not that they need it though. According to Freeberg, at present TiVo has no debt, $78 million in cash and another $28 million in short term investments.
Not bad for a company that was on a death watch not all that long ago.