Roku Stock Rises Amid Speculation Above The Future Go By Comcast

Roku stock climbed Wednesday amid speculation Comcast inventory could bid for the streaming online video system to counter the merger of AT&T’s WarnerMedia device and Discovery (DISCA).




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Shares in Viacom (VIAC) also rose on speculation Comcast could make a big acquisition. Comcast Chief Government Brian Roberts talked over the cable Tv set and media giant’s options in a Wall Avenue Journal interview.

Attaining Roku (ROKU) would be a sizable deal for Comcast. Comcast retains a current market cap of $264.8 billion while Roku’s industry cap is about $53.4 billion, in accordance to FactSet facts.

Comcast inventory fell 3.7% to close at 55.48 on the inventory sector nowadays. Roku stock climbed 4.5% to 421.70. Viacom stock advanced 2.7% to 41.84.

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