Fox to buy Roku at US$22 billion value in streaming video push (opens original article in a new tab)

Fox Corp. has agreed to acquire Roku Inc. in a US$22 billion deal, combining Fox's streaming channels with Roku's platform to create a major player in the U.S. television market.

• Fox Corp. agreed to acquire Roku Inc. in a deal valued at about US$22 billion including debt.
• The acquisition combines Fox's streaming channels with Roku's platform of over 100 million subscribers, creating the third-largest U.S. television market player.
• Roku's ad-supported streaming model and large user base are expected to bolster Fox's streaming business amid shifting consumer preferences.