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

Fox Corp. agreed to acquire streaming pioneer Roku in a $22 billion cash-and-stock deal, including debt. The combined company will become the third-largest U.S. television player by viewing share, with no immediate changes for customers. The transaction, valued at $160 per Roku share, requires shareholder and regulatory approval and is expected to close in the first half of next year.