Fox is buying Roku
Fox has announced that it's acquiring Roku outright, in a deal that values the streaming company at $22 billion.
The deal will see Fox's TV networks and Tubi streamer combine with Roku's network of streaming devices, smart TV software, and The Roku Channel. The companies say in a press release that by combining they'll become the third-largest player in the US TV industry by viewing share.
"This is a defining moment for Fox, and a natural extension of the deliberate and focused strategy we have been executing for nearly a decade," Fox CEO Lachlan Murdoch said in a statement. "Today, we take the next step: bringing together the most valuabl ...