Fox Corp to acquire streaming giant Roku in $22 billion blockbuster deal
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Fox Corp to acquire streaming giant Roku in $22 billion blockbuster deal

New York Post general

Key Points:

  • Fox Corp. is acquiring streaming giant Roku in a deal valued at approximately $22 billion, aiming to become the third-largest player in US television by viewing share.
  • The merger combines Fox’s live sports, news, and entertainment content with Roku’s streaming platform and connected-TV operating system, which reaches over 100 million households globally.
  • Fox CEO Lachlan Murdoch described the acquisition as a transformational move to strengthen their position amid intensifying competition for streaming audiences.
  • The deal merges Fox’s valuable live content portfolio with Roku’s leading streaming technology, creating a significant media powerhouse.
  • Fox Corp. is a sister company to News Corp, the corporate parent of The Post.

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