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Roku buys video-streaming app Quibi's content library

REUTERS: Video-streaming device maker Roku Inc said on Friday it has acquired the global distribution rights to Quibi's content library, months after the short-form video streaming app was shut down following an unsuccessful run.

Financial terms of the deal were not disclosed.

(Reporting by Eva Mathews in Bengaluru; Editing by Krishna Chandra Eluri)

Source: Reuters

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