Fox agrees to $22 billion deal to buy Roku (opens in new tab)

Fox Corp. agreed to acquire Roku in a cash-and-stock transaction valued at about $22 billion, including debt, in a deal announced Monday that would combine Fox’s news, sports and entertainment networks, Tubi and Fox One with Roku’s streaming devices, operating system, The Roku Channel, advertising business and first-party data. Fox and Roku said the combined company would become the third-largest player in U.S. television by share of viewing and would reach more than 100 million global stream...