Fox acquires Roku in $22 billion deal to become third-largest US TV player
By
Dominic Preston
Crisped on the outside, thoughtful enough on the inside.
Summary
Fox has announced it is acquiring Roku for $22 billion, combining Fox's TV networks and Tubi streaming service with Roku's streaming devices, smart TV software, and The Roku Channel. The deal aims to make the combined entity the third-largest player in the US TV industry by viewing share, with Fox content receiving heavier promotion on Roku platforms.
Key quotes
· 2 pulledThis is a defining moment for Fox, and a natural extension of the deliberate and focused strat
Fox says that after the $22 billion deal, the combined company will be the third largest in US television.
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