Google, TIVO Tieup? (GOOG, TIVO)

Google (NASDAQ: GOOG) and Tivo (NASDAQ: TIVO) are set to unveil a 'significant' partnership, perhaps later today, according to anonymous sources.

So far the details of the deal are scarce, but the source says could potentially generate hundreds of millions of dollars in revenue by 2012.

A possible search deal is something that has been mentioned in the past.

At last check, shares of Google are up $6.54 to $619.07, a gain of 1.1%. Tivo is starting to spike up on this rumor, gaining 4% to $10.74.

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