Fox to buy streaming pioneer Roku in a $22 billion deal

Fox Corp. has agreed to acquire streaming pioneer Roku in a $22 billion cash-and-stock deal, granting access to over 100 million global households and the Roku channel. The combined entity will become the third-largest U.S. television player by viewing share, with Fox CEO Lachlan Murdoch and Roku founder Anthony Wood, who will join Fox’s board, emphasizing expanded content and advertising opportunities.