Fox Corp. acquires Roku in $22 billion streaming deal
By
Michelle Chapman
Warm and crisp on the edges. A bagel with a bit of bite.
Summary
Fox Corp. has agreed to acquire Roku in a cash-and-stock deal valued at approximately $22 billion, including debt. The acquisition will give Fox access to Roku's streaming platform, first-party data, and over 100 million global streaming households. The combined company is expected to become the third-largest player in U.S. television by viewing share. Roku will continue operating as an open, partner-friendly platform with no immediate changes for customers. The deal follows reports that Roku was exploring strategic options including a potential sale.
Key quotes
· 3 pulledRoku will continue to be run as an open, partner-friendly platform, the companies said Monday
The combined company will become the third-largest player in U.S. television by share of viewing
Media reports had surfaced on Friday that Roku was looking at its strategic options, including a possible sale
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