Fox Corp is acquiring Roku for $22 billion in a cash-and-stock deal, gaining access to 100 million streaming households and Roku's ad tech platform.

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.