Roku Stock Jumps 20% on Report It’s in Sales Talks With a U.S. Media Company

By Todd Spangler

Todd Spangler

NY Digital Editor

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Shares of Roku hit a 52-week high Friday on a report that the streaming platform company is in talks to sell itself.

Roku’s stock closed at $143.66/share Friday, up 20% for the day, pushing its market cap up to about $21.3 billion. That came after Bloomberg reported that Roku has been “in discussions with at least one U.S. media company about a potential combination,” citing anonymous sources. The report did not identify the media company.

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