In late September of last year, Roku founder and CEO Anthony Wood told the company’s board of directors that he wanted to discuss the tricky topic of succession. At the company’s quarterly board meeting, Wood “articulated his plan to scale back his involvement in running Roku,” and recommended someone who could serve as co-CEO alongside him before he ultimately exits to a board role. He also told the board that they may want to consider a sale of the company. (The timeline of the deal was disclosed in an S-4 filing associated with the deal on Aug. 7.) The board took in Wood’s suggestion, and ultimately decided that a “market check” that…
