Rumors have popped up on Wall Street in the past couple of weeks that streaming service Netflix may make a bid to acquire streaming platform Roku (NASDAQ: ROKU). The rumor was also spreading within Roku, and the company has suspended employee trading of its stock, a procedure that sometimes comes before important news is made public. Investors will have to wait and see whether there's fire where the smoke is, but it seems plausible now that Roku's market cap has shrunk to $10 billion, a digestible price tag for Netflix. Read More...
Rumors have popped up on Wall Street in the past couple of weeks that streaming service Netflix may make a bid to acquire streaming platform Roku (NASDAQ: ROKU). The rumor was also spreading within Roku, and the company has suspended employee trading of its stock, a procedure that sometimes comes before important news is made public. Investors will have to wait and see whether there’s fire where the smoke is, but it seems plausible now that Roku’s market cap has shrunk to $10 billion, a digestible price tag for Netflix.
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