Fox to Buy Roku Streaming Service in $25 Billion Deal

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

Fox Corp. is making a dramatic move to expand its streaming footprint, unveiling with plans to buy Roku in a deal that values the streaming platform at $22 billion.

Fox CEO Lachlan Murdoch said on Monday that the Roku acquisition marks a "defining moment" for the company.