Fox Corporation agreed to acquire Roku for $22 billion at $160 per share. The cash-and-stock deal combines live sports broadcasting with connected TV's

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.