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

Fox Corp. agreed to acquire Roku in a cash-and-stock transaction valued at about $22 billion, including debt, under a deal announced June 15 that would combine Fox’s news, sports and entertainment businesses with one of the largest connected-TV platforms. Fox said it would pay $160 for each Roku share, including $96 in cash and 0.9693 shares of Fox Class A common stock for each outstanding Roku Class A and Class B share. The companies said Roku would remain an open, partner-friendly platform ...