Fox is acquiring Roku, a popular streaming TV platform, in a massive $22 billion deal, the companies announced Monday. This transaction makes Fox a more competitive streaming player, combining its sports, news, and entertainment shows with Roku’s devices and services that reach 100 million people.

Expanding Streaming Capabilities

According to Nielsen’s metrics, YouTube is the top-viewed entertainment platform, with Netflix in second. Combining Fox and Roku creates the third-largest player in US television by share of viewing, controlling over a 5% share.

Fox will buy Roku for $160 per share, a roughly 20% premium of its Thursday’s closing price. The deal is expected to close in the first half of 2027, with the companies forecasting $400 million in savings.

Original reporting: El Paso News (HLL/CB) — read the source article.