Shares of Roku (NASDAQ: ROKU) jumped 9% on Wednesday on rumors of a potential combination with Netflix (NASDAQ: NFLX). Speculation over a deal is swirling among Roku's employees, according to a report from Business Insider. Interestingly, Roku is said to have halted its employees' ability to trade its stock. Read More...
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4 reasons Netflix should buy Roku
Roku, the streaming hardware company, began its life in 2007 as “Project Griffin,” a Netflix initiative to make streaming easier. Netflix decided at the last minute to spin the project into its own company and Roku went public in 2017. Roku recently disallowed employees from trading its shares, according to a report from Insider, a move that signals the possibility of an impending acquisition.
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