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Roku To Acquire Streaming Service Provider Frndly TV

1. Roku acquires Frndly TV to enhance its streaming service offerings. 2. Frndly TV provides over 50 live TV channels at an affordable price.

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$67.2905/01 04:20 PM EDTEvent Start
$61.5505/02 10:42 PM EDTLatest Updated
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FAQ

Why Bullish?

Roku's acquisition of Frndly TV aligns with its strategy to expand content, enhancing customer value. Historically, acquisitions that improve service offerings have positively influenced streaming stocks.

How important is it?

The acquisition could significantly bolster Roku's content library, an essential factor in drawing subscribers in a competitive market.

Why Long Term?

This acquisition positions Roku for sustained growth in the competitive streaming market, potentially attracting new subscribers and revenue streams over time.

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NFLXDISAMZN
SAN JOSE, Calif.--(BUSINESS WIRE)--Roku, Inc. (NASDAQ: ROKU), the #1 TV streaming platform in the U.S.*, announced today that it has entered into an agreement to acquire Frndly TV, a subscription streaming service that offers live TV, on-demand video, and cloud-based DVR for an affordable price. Based in Denver, CO, Frndly TV was founded in 2019. It offers subscribers access to more than 50 top-rated live TV channels, including A&E, Hallmark Channel, The History Channel, Lifetime, and more,.

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