Roku Stock Surges 20% to 4-Year High on Reports of Acquisition Talks with Media Company
By
Dade Hayes
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Summary
Roku's stock surged 20% to a four-year high of $143.66 following reports that the streaming company is in acquisition talks with an unnamed media company. Bloomberg and Reuters both reported on the discussions, though Reuters noted Roku is also exploring alternatives such as a PIPE transaction. Roku declined to comment on the reports.
Key quotes
· 3 pulledRoku shares rocketed to a 4-year high on Friday after word emerged that the streaming company is in talks to sell itself to an unnamed media company.
The stock surged 20% to close at $143.66, rising another fraction in after-hours trading, after Bloomberg reported that a media company had held acquisition talks with Roku.
A Roku spokesperson did not have any immediate comment when contacted by Deadline.
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