Netflix Finally Joins the M&A Game
Netflix is shifting from a “build, not buy” strategy to actively pursuing major acquisitions, from failed talks for Warner Bros. Discovery to bids for Roku and interest in Lionsgate.
Netflix is shifting from a “build, not buy” strategy to actively pursuing major acquisitions, from failed talks for Warner Bros. Discovery to bids for Roku and interest in Lionsgate.
The combination creates a major U.S. streaming and live TV platform.
Roku is in early talks to sell itself; no deal yet, but it could join a media company as streaming consolidation continues.
Roku beats expectations with strong ad growth and revenue forecasts for 2026, boosting shares and analyst confidence in streaming shift.
Morgan Stanley upgrades Roku to Overweight, raises price target to $135, and highlights strong growth ahead for connected TV advertising.
Jefferies upgrades Roku to Buy with a new $135 price target, citing strong platform revenue growth potential and resilience in the 2026 internet sector.