Fox Closes $22 Billion Roku Takeover

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Fox Corp. has finalized its acquisition of streaming platform Roku in a deal valued at $22 billion, completing the process significantly earlier than the anticipated 2027 date. Consequently, Roku stock will cease trading on the Nasdaq. Roku founder and CEO Anthony Wood is joining the Fox board of directors and will serve as co-chair of Fox Digital Platforms, a new division encompassing Roku, Tubi, and Fox One to integrate these digital streaming services.
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