From Hollywood to Home: Black Voices in Entertainment
Key takeaways
- Bloomberg reported Roku is in talks with at least one U.S. media company about a potential combination.
- The report cited anonymous sources and did not identify the involved media company.
- Roku did not immediately respond to a request for comment.
Shares of Roku hit a 52-week high Friday on a report that the streaming platform company is in talks to sell itself.
Roku’s stock closed at $143.66/share Friday, up 20% for the day, pushing its market cap up to about $21.3 billion. That came after Bloomberg reported that Roku has been “in discussions with at least one U.S. media company about a potential combination,” citing anonymous sources. The report did not identify the media company.
A Roku rep did not immediately respond to a request for comment.
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