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Roku Stock Jumps After Report Of Potential Takeover By Netflix

Y2kTheNewOldies

Y2kTheNewOldies


finance.yahoo.com

Roku jumps 13% after Insider reports internal speculation that Netflix may acquire the streaming platform

Netflix would be returning to its roots if it purchased Roku, given that the streaming platform spun out Roku in 2008.
finance.yahoo.com finance.yahoo.com

Note there is speculation that Netflix could get Roku is the deal is approved.

Roku stock surged 13% on Wednesday after an Insider report detailed internal speculation that Netflix may acquire the streaming platform company.

Much of the speculation ramped up in recent weeks among Roku employees after the company abruptly closed its trading window, which is a period of time in which employees are able to sell their vested Roku stock.
Companies often close trading windows ahead of schedule when material news is imminent, in an attempt to prevent insider trading from occurring.

Roku stock would be an easier acquisition for Netflix to swallow after the company's market valuation fell from a peak of more than $60 billion to about $13 billion today. The more than 80% decline in Roku's stock price has made it difficult for the company to retain top talent, as it relies on share-based compensation like most tech companies.
Click to expand...
 
Netflix wants to own Roku cause Google has Chromecast & Android TV as well as Youtube and Google TV App, Amazon has their Fire streaming player and Prime Video & Freevee (FKA IMDB TV), Apple has Apple TV device and Apple TV + streaming services, Microsoft has their XBox gaming consoles, Sony has their Playstation gaming consoles and some internet ready Blu-Ray players, pretty much Roku is the only streaming device technology company that isn't owned by a major company and is still a independent company and Netflix is struggling for content and wants what Roku has on their "Roku Channel" service and also is the only streaming service without a streaming device they making, so this is why Roku is a prime target for them, but i'm surprised Microsoft didn't already try to buy out Roku first.
 
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