“We’re incredibly excited to join Roku and continue our mission to provide customers feel-good, quality entertainment as the most affordable live TV subscription streaming service in America,” said Karofsky. “Roku’s pioneering role in streaming and its customer-first approach align perfectly with our vision.”
This acquisition marks another milestone in Roku’s strategic expansion through M&A. Notable past transactions include the acquisition of dataxu (2019), Quibi’s content library (2021), and This Old House Ventures (2021).
Roku continues to lead as the No. 1 TV streaming platform in the U.S. by hours streamed. In addition to The Roku Channel, the company licenses its proprietary operating system to TV manufacturers and offers a suite of streaming devices and smart home products.
Legal Advisors:
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Debevoise & Plimpton LLP: M&A Partner Aly Love, Tax Partner Michael Bolotin, Antitrust Partner Tim Cornell
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Fenwick & West LLP: Counsel Jeremy Delman, Partner Kris Withrow
