Quibi’s $1.75B experiment ends with Roku acquisition for “less than $100M”

Quibi, the curious "TV on your phone" service that lasted for roughly six months last year, will soon live on—as a free-with-ads channel on Roku. After rumors began circulating earlier this week, Quibi and Roku confirmed on Friday that the two companies had reached terms for an acquisition, putting most of Quibi's hours of original programming into Roku's hands.
Read more: https://arstechnica.com/gaming/2021/01/quibis-1-75b-experiment-ends-with-roku-acquisition-for-less-than-100m/?source=Snapzu