Roku to Buy Frndly TV in $185 Million Cash Deal
The acquisition of the streaming subscription service is expected to be completed in the second quarter of this year The post Roku to Buy Frndly TV in $185 Million Cash Deal appeared first on TheWrap.

Roku has entered into an agreement to acquire Frndly TV for $185 million in cash.
The deal, which is expected to be completed in the second quarter, includes $75 million held back that is tied to meeting performance goals and milestones over the next two years.
Founded in 2019, the Denver-based streaming services offers subscribers access to more than 50 top-rated live TV channels, including A&E, Hallmark Channel, The History Channel, Lifetime, and more, as well as thousands of hours of on-demand content, for $6.99 per month. It also offers unlimited cloud-based DVR, as well as access any show or movie that has aired in the past 72 hours on live channels.
More to come…
The post Roku to Buy Frndly TV in $185 Million Cash Deal appeared first on TheWrap.