Fox Is Acquiring Roku For $22 Billion In A Massive Streaming Power Play (opens in new tab)

Shares of Roku surged more than 20% ahead of today's opening bell, no doubt driven by the announcement that the streaming platform has entered into a definitive agreement to be acquired by Fox for $160 per share, valuing the acquisition at $22 billion. The massive deal gives Fox an audience of more than 100 million global streaming households