Digital entertainment company TiVo Inc.  (TIVO - Get Report)  has received multiple expressions of interest from potential private equity buyers, a person familiar with the situation said Wednesday.

The potential buyers have made offers to buy TiVo for slightly more than $20 a share, according to the person who requested anonymity. Such offer prices would represent a significant premium to Tivo's recent share trading price of about $14 a share. TiVo has not launched a strategic review process, the person said.

Shares rose as much as 10% in afternoon trading. 

In 2016, TiVo, a DVR maker, combined with digital entertainment guide provider Rovi Corp. in a $1.1 billion deal. Rovi paid $10.70 a share to make the acquisition. The company's share price is down a bit from the $17.60 a share it was trading at around the time of the merger.

As of Sept. 30, TiVo had about $93 million in cash and cash equivalents, $132 million in short-term marketable securities and $88 million in long-term securities, according to the company's November quarterly report.

In December, TiVo reported that it has struck an expanded six-year deal with Altice USA to support its service offerings.

TiVo is scheduled to make a presentation on Jan. 9 at the Citi 2018 Global TMT West conference in Las Vegas.

A spokesperson for TiVo did not return multiple calls for comment. 

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