Is Netflix about to buy Roku?

Date:
Wed, 08 Jun 2022 14:39:30 +0000

Description:
According to new reports Netflix could be about to buy Roku following a terrible year for the streaming stick manufacturer.

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A new report suggests that Roku may be in negotiations to be acquired by Netflix , following a tough year that has seen its stock drop by about 80% since July last year.

The news comes via Business Insider who claims that sources familiar with the subject said that Roku has been discussing a Netflix acquisition in recent weeks.

Adding further fuel to the fire are reports that Roku has closed its stock trading window for all employees.

Normally employees would be able to freely sell any of their stock right now, but Roku has halted this ability.

Such actions are normally reserved for when a company is about to release details that could have a big impact on its stock prices so as to avoid insider trading a practice where employees with private information buy or sell their stock right before an announcement and profit unfairly.

This story is breaking, as we learn more details we'll update this page with everything we know. You may have to refresh the page to see the latest information.



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Link to news story: https://www.techradar.com/news/breaking-is-netflix-about-to-buy-roku/


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