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Viacom invests in Roku

Viacom has recently shared hands in a $45.4 million funding for Roku – the video streaming giant. Other media centric companies like Dish, Hearst, Sky, and News Corp have also invested in Roku. It has raised more than $200 million now. There was news that the company for looking into IPO, but that seems less likely now. It claims to have 8% of the connected device market, facing competition from Apple TV, Google Play and Amazon Prime.

Source: Streetwisejournal

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