Fox to Buy Streaming Pioneer Roku in a $22 Billion Deal
Fox Corp. is acquiring streaming platform Roku in a cash-and-stock deal valued at approximately $22 billion, gaining access to the Roku Channel and more than 100 million global streaming households.
Fox Corp. has agreed to buy the streaming pioneer Roku in a cash-and-stock deal valued at approximately $22 billion, including debt.
Roku will continue to be run as an open, partner-friendly platform, the companies said Monday, and there appears to be no immediate changes that customers will see. Fox and Roku said that the combined company will become the third-largest player in U.S. television by share of viewing.
