Is Roku (NASDAQ:ROKU) going to be acquired?
Not yet. But rumors persist that Netflix (NASDAQ:NFLX) is looking to buy the manufacturer of internet-connected television sets and other devices.
When the rumors of a takeover first surfaced on June 8, ROKU stock jumped 10% as investors grew excited about the prospect of a Netflix/Roku combination. But since then it’s been crickets. No formal announcement has been made, leaving analysts and investors wondering what’s next for Roku and its beleaguered shareholders.
Find out more about Roku stock here.
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