(CNBC) Shares of Roku rose more than 13% on Wednesday on news that it had agreed on a multi-year deal with Google for its streaming service.
The agreement allows Roku’s 56.4 million customers to continue accessing YouTube and YouTube TV on the platform.
The deal is a boost to the streaming platform, which was already facing threats from Google to pull out YouTube and YouTube TV from the streaming platform on December 9. Roku and Google had differed on the advertising revenue.
Google’s threats against Roku caught the attention of Congress, which was seeking to reign in the tech giants. The tech giants have been accused of using their power to further anti-monopoly tactics against smaller rivals.
ROKU: NASDAQ is up +13.03%, GOOGL: NASDAQ is down -0.093%.
