AOL Buys Stake in TiVo

America Online Inc. said it took a minority stake in television service start-up TiVo Inc. Terms of the investment were not disclosed, but the companies said AOL’s interactive AOL TV will be integrated into future versions of TiVo’s video receiver. Sunnyvale, Calif.-based TiVo, which recently filed to go public, sells a box that lets viewers skip commercials and record programs to be watched in any order they like by recording programs on a hard disk.

Shares of Dulles, Va.-based AOL rose $2.56 to close at $97.50 on the New York Stock Exchange.