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Fox Corporation announces $22B acquisition of Roku in landmark streaming and live TV deal
In a move to capture the dual market forces of live broadcast television and digital streaming, Fox Corporation on Monday announced it is acquiring Roku, Inc. for $160.00 per share in a deal valued at an enterprise value of $22 billion. The combination pairs FOX's live entertainment, news and sports portfolios — including The Tubi service, the NFL, MLB and FOX News Media — with the top television streaming platform in the U.S. by hours streamed, accelerating the company's expansion into connected TV advertising."This is a defining moment for FOX, and a natural extension of the deliberate and f...6 days ago
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