The deal gives Fox access to more than 100 million households already using Roku, and will help the traditional TV giant push further into the world of streaming.

Fox Corp. is buying streaming platform Roku in a cash-and-stock deal valued at approximately $22 billion.

Fox acquires Roku for $160 a share, valuing it at about $22bn, to pair its live sports and news with the platform in 100 million streaming households.