Fox to buy Roku streaming firm in $22bn deal
Media giant Fox has announced a $22 billion deal to acquire the streaming platform Roku. The merger aims to combine Fox's live news and sports content with Roku's extensive distribution network to compete with major streaming services like Netflix.
Why it matters
This acquisition represents a significant consolidation in the media industry, signaling a strategic shift toward integrating traditional broadcast content with digital streaming platforms.
Share Save Add as preferred on Google Archie Mitchell and Shanaz Musafer , Business reporters Getty Images Jessica Alba and Lizzy Mathis host the Roku Original show Honest Renovations. Media giant Fox is buying streaming firm Roku in a deal the companies say will create the third largest player in US TV by share of viewing.
The report focuses on the business mechanics of the deal and quotes company leadership without taking a stance on the merger's impact.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in