Fox will buy streaming giant Roku for $22 billion (opens original article in a new tab)

Fox Corporation announced plans to buy Roku for $22 billion, making it the third-largest U.S. TV player by viewing share. The deal includes Roku's channel and customer data, with Fox borrowing $12 billion to fund the acquisition. Roku will remain a standalone platform, and Fox's shares dropped 10% in pre-market trading.

• Fox Corporation plans to acquire Roku for $22 billion.
• Roku will continue as a standalone platform with over 100 million global streaming households.
• Fox will borrow $12 billion, causing a 10% drop in its shares before the announcement.