Roku considers going public, report says

The company behind the popular TV set-top box is thinking about an initial public offering, Bloomberg reports.

Sarah Tew/CNET

Roku, the company that makes the popular video-streaming TV box, might go public soon, Bloomberg reported Friday.

Roku recently talked to banks about the possibility, unnamed sources told Bloomberg. Roku's set-top box uses the Internet to stream videos to users' televisions.

It preceded the presence of digital-streaming devices made by the likes of Apple or Google, which sell the Apple TV box and Chromecast, respectively. Amazon is another tech giant rumored to be dabbling with a digital TV set-top box.

Hearst Corp. and an unidentified investor poured $60 million into Roku last year, according to the report. Other backers include News Corp. and the British Sky Broadcasting Group.

Tags:
Internet
About the author

Donna Tam covers Amazon and other fun stuff for CNET News. She is a San Francisco native who enjoys feasting, merrymaking, checking her Gmail and reading her Kindle.

 

Join the discussion

Conversation powered by Livefyre

Show Comments Hide Comments
Latest Galleries from CNET
Trivia Crack is as fun and addictive as the name implies
Make room for the Instant Pot Smart (pictures)
New Subaru Outback puffs up, luxes up (pictures)
Tales from a Tim3 Machin3-powered test kitchen (pictures)
SkyMall's legacy of crazy geeky products (pictures)
Best iPhone 6 and iPhone 6 Plus cases