Fox Corp. is buying streaming platform Roku in a cash-and-stock deal valued at approximately $22 billion.

Fox Corp. is buying streaming platform Roku in a cash-and-stock deal valued at approximately $22 billion, including debt.

The deal will give Fox access to the Roku channel, first-party data and more than 100 million global streaming households. Fox oversees a massive media network that includes sports, news and entertainment, as well as Tubi.

The companies said Monday that Roku will continue t be run as an open, partner-friendly platform. Fox and Roku said that the combined company will become the third-largest player in U.S. television by share of viewing.

  • kaidenshi
    34·
    1 day ago

    A match made in hell. Roku went to shit the day they prevented your already purchased and used device from working unless you agreed to their new Draconian terms. I hope Fox loses every cent of that $22bln.

    • zergtoshiEnglish
      24·
      1 day ago

      They don’t want to make money.
      They want more means to brainwash people.

    • CentipedeFarrier@piefed.socialEnglish
      2·
      1 day ago

      Im so glad mine were blocked from the internet when that came out. I factory reset them and they never got internet access again.

      Am I ticked I cant use my smart TV as a smart TV? Sure. Am I glad I got it before that agree-or-brick? Absolutely.