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.

  • SludgehammerEnglish
    13·
    1 day ago

    And eventually there’s just one company left, so you have no choice but to buy from them no matter how expensive or slapdash their product.

    • 48954246English
      8·
      1 day ago

      And that company here is Disney right? Unless I’m mistaken Disney’s owns Fox, so this reeks even more of Disney’s effort to swallow any sort of competition

      • 0ops@piefed.zipEnglish
        17·
        1 day ago

        Not this fox, you’re thinking of 21st century Fox. This is Fox as in Fox News

        • 48954246English
          5·
          19 hours ago

          Fox Sports and Fox Broadcasting join Fox News as assets that will help make up Fox Corporation — which is officially a stand-alone, publicly traded company.

          Ah ok, thanks for the pull up.

      • P00ptart
        1·
        18 hours ago

        Mom corp. actually. All because she was scorned by Dr Farnsworth.