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ViacomCBS and Roku Rally on Speculation That Comcast May Bid (1)

June 23, 2021, 8:44 PM

Shares of ViacomCBS Inc. and Roku Inc. gained on speculation that Comcast Corp. might make a bid for one of the companies, extending a string of media-industry deals.

Comcast Chief Executive Officer Brian Roberts has considered a transaction with ViacomCBS or an acquisition of Roku, the Wall Street Journal said Wednesday, citing an unidentified person familiar with the matter. But the CEO has told people close to him that he doesn’t need to seek a merger, the newspaper reported.

The story sent shares of ViacomCBS up 2.7% to $41.84, their biggest one-day gain in almost a month. Roku, which ...