News Summary

• Fox has announced that it's acquiring Roku outright, in a deal that values the streaming company at $22 billion.
• Once the deal is complete, Fox content will be promoted more heavily than before on Roku streamers and smart TVs.
• The companies say in a press release that by combining they’ll become the third-largest player in the US TV industry by viewing share.
• Roku founder and CEO Anthony Wood, who will stay on in the company and join Fox’s board of directors, said in an investor call that Roku “will continue to operate as an open, partner-friendly platform supporting the entire streaming ecosystem”