Fox to acquire Roku in $22 billion deal
Summary
Fox Corp. is buying the streaming platform Roku in a deal worth $22 billion. The purchase will make the combined company the third-largest in U.S. television based on viewership, and the deal should finish by mid-2027.Key Facts
- Fox Corp. is acquiring Roku for $160 per share.
- The deal includes a mix of cash and stock payments.
- The total value of the deal is $22 billion.
- After the acquisition, Fox and Roku will be the third-largest U.S. TV company by audience share.
- The acquisition is expected to close in the first half of 2027.
- Roku is known for its streaming platform, which allows users to watch TV shows and movies over the internet.
- Fox Corp. is a large media company involved in television and entertainment.
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