Fox Is Buying Roku For $22 Billion

Fox is acquiring Roku for $22 billion, integrating its sports, news, entertainment, Tubi, and Fox One services into a platform reaching 100 million households. This merger aims to create the third-largest US television player by viewing share. Fox asserts that Roku will remain open to competing apps. The deal shifts streaming power toward platform control, allowing Fox to compete with Netflix and Disney+. Following the announcement, Fox stock decreased by 15% as the company expands its streaming presence.