Communications services companies fell as traders fled risk in light of escalating military tensiosn in the Middle East.
Paramount shares finished the week in the red as traders grew impatient about a long-mooted acquisition offer from Skydance Media.
The value of the Hollywood studio and streaming service's assets are "demonstrated by Apollo's reported $26 billion offer for the company, and by the SkyDance Consortium's interest in acquiring control of Paramount and merging it with SkyDance," said analysts at brokerage Deutsche Bank.
Roku said hackers gained unauthorized access to 576,000 accounts, the company's second data-breach incident this year, prompting the streaming-hardware maker to institute additional security measures for users.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
04-12-24 1734ET
