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

  • 48954246@lemmy.worldEnglish
    7·
    8 days 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
      12·
      8 days ago

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

      • 48954246@lemmy.worldEnglish
        5·
        8 days 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.