From PC Mag: Fox Corporation has agreed to purchase streaming platform Roku in a deal worth $22 billion.
The move is expected to strengthen Fox’s presence in the streaming space. It combines Fox’s TV networks and Tubi service with Roku’s streaming devices and software.
“Together, Fox and Roku will create a scaled next-generation media and technology company positioned at the intersection of two of the most important forces reshaping video consumption: the enduring primacy of live sports and news, and the continued rise of streaming,” the companies said in a joint statement.
Several months ago, Roku announced that its services had reached over 100 million households. At the time, the company also said that it “drives more than three times the engagement of the next leading TV operating system in the US.”
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