Viacom Makes A Bet On Streaming, Joins $45 Million Funding Round For Roku

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Roku has now raised at least $209 million in funding. Viacom had previously invested in the digital video world by acquiring a minority stake in DigiTour, a company that takes social media stars from places like Vine, Snapchat and YouTube on tour. This latest investment in Roku came as part of a funding round that closed on January 28 and recently disclosed through an SEC filing. Roku declined to comment and Viacom did not respond to requests for comment. – Shelby Carpenter, Forbes