Fox to acquire Roku for $22 billion

Fox Corporation is set to acquire the streaming video platform Roku Inc. in a significant deal valued at approximately $22 billion. The transaction, structured as a cash-and-stock agreement, will see Fox pay $160 per share for Roku. This strategic move underscores Fox's commitment to expanding its presence and capabilities within the rapidly growing streaming video market. The acquisition is expected to bolster Fox's content distribution and advertising strategies, positioning it more competitively against other major players in the digital media landscape.