Roku, inc. (nasdaqgs:roku) entered into an agreement to acquire dataxu, inc. for approximately $150 million.
Roku, inc. (nasdaqgs:roku) entered into an agreement to acquire dataxu, inc. for approximately $150 million on october 21, 2019. under the terms of the agreement, roku will pay the aggregate consideration of $150 million in cash and shares of roku class a common stock. the consideration includes $75 million in cash and 0.57 million shares of roku's class a common stock. following the transaction, dataxu team will join roku and will operate as a wholly-owned subsidiary of the company. the reported total revenue of dataxu, inc for year ending om december 31, 2018 was $142.8 million, total assets were $106.8 million, operating loss was $13.7 million, loss before income taxes was reported $17.4 million, reported net loss was $17.7 million and total stakeholder's deficit was $95.3 million. the transaction is subject to customary closing conditions, including regulatory approvals. the transaction has been approved by board of directors of roku and dataxu. as of october 21, 2019, federal trade commission granted early termination notice for the transaction. as of october 23, 2019, the transaction has been approved by stockholders of dataxu. the transaction is anticipated to close in the fourth quarter of 2019.
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