MarketWatch First Take: Happy anniversary to TiVo’s ‘strategic review,’ which still hasn’t found a strategy

A year after TiVo Corp. embarked on a “strategic review” of its business, it still hasn’t found a strategy for investors to review.

On Feb. 27, 2018, TiVo said it was “evaluating a wide range of strategic alternatives to realize long-term shareholder value,” ranging from “transformative acquisitions that would accelerate our growth … to combining our business with other leading players, to becoming a private company.” On Tuesday, the company had nothing new to report after a year of investigating those avenues — except a 21% drop in fourth-quarter revenue, among other worrisome financial results — and shares of TiVo TIVO, +0.09%tumbled more than 10% in after-hours trading.

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