Fox Corp. agreed to acquire Roku Inc. in a deal valued at about US$22 billion including debt, creating a new television juggernaut. Read now

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.