Fox just made a $22 billion play for your TV screen by buying Roku

Image for article Fox just made a $22 billion play for your TV screen by buying Roku
News Source : Android Authority

News Summary

  • Fox Corporation announced that it is acquiring streaming giant Roku in a blockbuster deal valued at roughly $22 billion.
  • The cash-and-stock transaction, which sees Fox paying $160 per share, marks the broadcasting giant's biggest push into digital entertainment.
  • For millions of viewers, the merger means two of the biggest hubs for free, ad-supported streaming, Fox’s Tubi and The Roku Channel, are officially joining forces under one roof.
  • Combined, they will control the third-largest share of total viewing time in the United States, sitting comfortably behind streaming giants YouTube and Netflix.
Fox Corporation is acquiring Roku in a cashandstock transaction valued at $160 per share, marking its largest digital expansion.

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