Fox to acquire Roku streaming platform in $22 billion deal

Fox Corporation on Monday announced that it has entered into an agreement to acquire streaming platform Roku.Under the agreement, Fox will pay $160.00 per share in a combination of cash and stock, valuing Roku at approximately $22 billion, according to a press release. 
The deal will combine Fox’s content and the company’s Tubi streaming service with Roku’s TV platform and The Roku Channel. 
“This is a defining moment for FOX, and a natural extension of the deliberate and focused strategy we have been executing for nearly a decade,” Lachlan Murdoch, CEO of Fox said in a statement. 

Read Full Article: https://justthenews.com/accountability/media/fox-acquire-roku-streaming-platform-22-billion-deal?utm_source=justthenews.com&utm_medium=feed&utm_campaign=external-news-aggregators