Quibi nears deal with Roku after trying to tempt Facebook, Snap

Quibi sought the interest of a range of prospective bidders, including Facebook Inc and Snap Inc, said sources. — AFP

Quibi Holdings LLC, the failed short-video startup founded by film mogul Jeffrey Katzenberg, is close to selling rights to its shows to Roku Inc following pitch sessions with some of the biggest names in technology, according to people familiar with the matter.

Quibi sought the interest of a range of prospective bidders, including Facebook Inc and Snap Inc, said the people, who asked not to be identified because the discussions were private. Finding a buyer has been complicated, in part because the company doesn’t own the rights to own its content beyond a few years, the people said.