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

Fox Corp. agreed Monday to buy Roku in a cash-and-stock transaction valued at about $22 billion, including debt, in a deal that would combine Fox’s live news, sports and entertainment assets with Roku’s streaming platform, The Roku Channel, first-party data and access to more than 100 million global households. Fox and Roku said the combined company would be the third-largest player in U.S. television by share of viewing. Fox will pay $96 in cash and 0.9693 shares of Fox Class A common stock ...