Roku has been working with investment banks, including Bank of America Merrill Lynch and Citigroup Inc, to prepare for a potential offering that could raise as much as $150 million, the Journal said.
The company, which makes set-top boxes that connect TVs to the Internet, did not immediately respond to emails seeking comment.
The timing of any deal is not yet set, and it is also not yet clear what valuation Roku might seek, the financial daily reported.
Roku competes with Apple Inc's (AAPL.O) Apple TV and Amazon.com Inc (AMZN.O) in April unveiled a rival video streaming device dubbed Fire TV.
(Reporting By Sudarshan Varadhan in Bangalore; Editing by Savio D'Souza)
____________________________________
FIND OUT MORE ABOUT 'BEN Latest News'
'Like us on Facebook'
http://www.facebook.com/pages/BEN-Latest-News/443681719077160
'Follow us on Twitter'
www.twitter.com/benlatestnews
'Follow Us on Google+'
http//www.plus.google.com/+Benlatestnews
For Advertisment and Partnering with us contact the CEO on:
BEN Latest News™
BB PIN:260158B5
Skype: cwizard123
Phone:(+234)-807-591-2014
Work:(+234)-903-027-0566
Mobile:(+234)-818-505-0866
BizLine:(+234)-812-595-5300
Email: cwizard123@gmail.com
BLNs: benlatestnews@gmail.com
On: Facebook, Twitter | LinkedIn - @cwizard123
0 comments:
Post a Comment