Roku Stock Jumped 20% on Friday. The Index Move Coming June 22 Could Matter More Than the Buyout Buzz.
Key takeaways
- ROKU NVDA INTC Shares of streaming pioneer Roku (NASDAQ: ROKU) jumped about 20% on Friday, touching their highest level in about four years, after Bloomberg reported that the company is in talks to sell itself.
- A strategic buyer would be acquiring a platform that reaches more than 100 million streaming households, and the company s market value sits at about $21 billion as of this writing.
- Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need.
ROKU NVDA INTC Shares of streaming pioneer Roku (NASDAQ: ROKU) jumped about 20% on Friday, touching their highest level in about four years, after Bloomberg reported that the company is in talks to sell itself. According to the report, Roku has held discussions with at least one unnamed U.S. media company about a potential combination, though no decisions have been made and there is no certainty the talks will lead anywhere. At one point during the session, the stock was up as much as 24%.
The chatter is easy to get excited about. A strategic buyer would be acquiring a platform that reaches more than 100 million streaming households, and the company s market value sits at about $21 billion as of this writing.
Will AI create the world s first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »