ROKU INC
For the period ended Mar 31, 2025. Filed May 2, 2025.
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Mar 31, 2025 · Filed May 2, 2025
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17. Subsequent Event
- SUBSEQUENT EVENT
On April 30, 2025, the Company entered into an agreement to acquire Frndly TV, Inc., a subscription streaming service that offers live TV, on-demand video and cloud-based DVR for an affordable price. The total purchase price for the acquisition will be $185 million, to be paid in cash, which includes $75 million to be held back and paid upon the achievement of certain financial and operating metrics and milestones over thetwo years following closing of the acquisition. The Company expects the transaction to close in the second quarter of 2025.
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