Fox is making a big bet on streaming TV by entering a deal to acquire the connected-TV platform Roku.Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty ImagesFox is making its biggest bet yet on streaming TV.Fox on Monday announced it had entered an agreement to acquire Roku for a mix of cash and stock. The deal …
Fox steps up streaming ambitions with $22 billion Roku acquisition
Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images
Fox is making its biggest bet yet on streaming TV.
Fox on Monday announced it had entered an agreement to acquire Roku for a mix of cash and stock. The deal gives Roku an enterprise value of around $22 billion, Fox said.
The deal combines Fox’s sports, news, and entertainment content with Roku’s connected-TV devices and digital ads business.
Fox CEO Lachlan Murdoch said the deal marks “a defining moment for the company.”
This is a developing story. Come back for updates.
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Ray M. Andersen
Ray M. Andersen is a cryptocurrency researcher and blockchain developer with hands-on experience building smart contracts and decentralized applications. His technical background allows him to break down complex blockchain mechanics into engaging, accessible content for readers of all levels. Ray’s work centers on Ethereum, scalability solutions, and the future of decentralized infrastructure. When not writing, he contributes to open-source Web3 projects and mentors aspiring blockchain developers.
