Fox to buy streaming pioneer Roku in a $22 billion deal

Fox Corp. has agreed to acquire streaming pioneer Roku in a cash-and-stock deal valued at approximately $22 billion, including debt. This strategic move allows Fox to enter the streaming wars, potentially reshaping the industry landscape. The acquisition is expected to enhance ad-targeting capabilities and accelerate current media consolidation trends. Following the transaction, Roku will continue to be run as an independent entity, maintaining its operational structure while integrating into the broader Fox corporate ecosystem.