Apple to buy TiVo? (UPDATE)

TiVo's shares went up 17% today as analyst Steven Kroll Jr. of Monness, Crespi, Hardt & Co. said that Apple could buy TiVo which makes digital video recorders.

"What we hear on the street is that Apple is interested in their business and that they are a takeout target," said analyst. Neither Apple's nor TiVo's executives provided any comments. Other companies have been mentioned as potential buyers for TiVo, among them, Time Warner, Comcast, Sony, and Liberty Media .

Read the full story here.

UPDATE: More opinions about the TiVo buyout rumor here and here.