Fox to buy streaming giant Roku in $22 billion deal

Fox Corp. has agreed to acquire streaming platform Roku in a $22 billion cash-and-stock deal, creating the third-largest U.S. television entity by viewing share. The transaction, valued at $160 per Roku share, will give Fox access to over 100 million global households and Roku's first-party data, with the combined company expected to close in the first half of next year.