Topline
Roku—a hardware digital media company known for its streaming devices—held about 26% of its cash at Silicon Valley Bank Financial, according to a securities filing, as other companies have disclosed ties to the firm after it was closed by regulators Friday.
Key Facts
Roku held an estimated $487 million at SVB, representing approximately 26% of the company’s cash and cash equivalents as of Friday, according to a securities filing, wth its remaining $1.4 billion in cash is distributed across other financial institutions, the company noted.
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