Roku Buys Danish Tech Firm
Roku agreed to pay $3.5 million to buy all outstanding shares of a privately held Danish technology firm to “enhance” its “player product offering,” the company said in an amended S-1 registration statement filed Monday at the SEC for its…
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initial public offering (see 1709050080). Roku didn’t identify the firm it acquired Sept. 6 -- five days after filing its original S-1 filing. Roku signed an independent contractor services agreement Sept. 12 with Neil Hunt, who joined the Roku board in August after an 18-year career as Netflix chief product officer, the filing said. The contractor agreement will pay Hunt $5,000 for each day he provides consulting services to CEO Anthony Wood, not to exceed $120,000 in any “rolling” 12-month period.