Roku Stock Surges 20% on Report of Potential Sale to U.S. Media Company
By
Todd Spangler
Crisped on the outside, thoughtful enough on the inside.
Summary
Roku's stock surged 20% to a 52-week high of $143.66/share, pushing its market cap to ~$21.3 billion, following a Bloomberg report that the streaming platform company is in talks to sell itself to at least one unidentified U.S. media company. Roku has not commented on the report.
Key quotes
· 2 pulledRoku has been 'in discussions with at least one U.S. media company about a potential combination'
A Roku rep did not immediately respond to a request for comment
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