Murdochs' Fox to acquire US streaming giant Roku
The Fox Corporation headquarters are seen on June 15, 2026 in New York City.(AFP)
Fox Corporation will acquire streaming platform provider Roku in a cash and stock deal worth $22 billion, the companies announced Monday.
Fox executives said the transaction would give it "first-party data" and insight on Roku's more than 100 million global subscribers, an attribute Roku has parlayed into advertising revenue growth.
The deal deepens Fox's exposure to the hardware of the streaming business, diversifying away from the legacy cable broadcast universe where the media giant's mix of politically conservative news telecasts and blockbuster sports games have made it a dominant player.
