Yesterday I wrote about the Blockbuster/Tivo deal and how both of the companies are strategically in need of something. Maybe not this deal exactly but something.
It is noteworthy that both stocks were up significantly yesterday, and not just a little - 3% for Tivo and 10% for BBI. Usually when a deal is announced, one party is viewed as giving something up and its stock trades down accordingly. Not so yesterday. Back out the short covering and there may nave been some real buying in there.
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