Fox’s shares dip following news of $22bn acquisition of Roku

“This is a defining moment for Fox, and a natural extension of the deliberate and focused strategy we have been executing for nearly a decade," with a strategy focused on live…

Fox is acquiring Roku, the popular streaming TV platform, in a massive $22 billion deal, the companies announced Monday.

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

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