Fenwick Represents Frndly TV in Pending $185M Acquisition by Roku

Fenwick is representing Frndly TV, a subscription streaming service that offers live TV, on-demand video and cloud-based DVR for an affordable price, in its pending $185 million all-cash acquisition by Roku, Inc. (NASDAQ: ROKU), a streaming platform.

This acquisition will bring additional customer value with affordable subscription services to Roku's platform. The acquisition is expected to be completed in the second quarter, pending customary closing conditions. More information can be obtained from the news announcement.

Fenwick has served as outside counsel to Frndly TV since 2021, led by corporate partners Cindy Hess and Sarah Chambless. The Fenwick transaction team includes corporate partner Kris Withrow, counsel Jeremy Delman and associates Brandon Ho, Philip Ewing, Max Krinsky and Katarina Mattmuller; technology transactions partner Joseph Schenck, associates Julia Arruda and Julia Chung and law clerk Kiyan Savar; executive compensation and employee benefits partner Nancy Chen and associates Jonathan Stephenson and Rachel Coffey; privacy and cybersecurity partner Ana Razmazma and associate Kayla Tanaka; and tax partner Mike Knobler and associate Matthew Dimon.