Fox is buying Roku for $22 billion (opens in new tab)

Fox Corporation is acquiring Roku in a deal that values the company at $22 billion and will see it taking third place in US viewing share figures. The plan is to keep Roku operating as “an open, partner-friendly platform and to the continued ubiquitous distribution of FOX content”. At the heart of the deal is the desifre to create a next-gen force that combines the enduring primacy of live sports and news, and the continued rise of streaming. Announcing the acquisition plans, Roku says: “The ...