Roku to acquire Frndly TV for $185m.

Roku, a TV streaming platform operator, agreed to acquire Frndly TV, a subscription streaming service that offers live TV, on-demand video, and cloud-based DVR, for $185m. “Frndly TV’s impressive growth and expertise in direct-to-consumer subscription services make it a compelling addition to Roku. This acquisition supports our focus on growing platform revenue and Roku-billed subscriptions, with a live content offering our users love at an industry-leading price point,” Anthony Wood, Roku Founder and CEO.