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

Fox has been working to expand its streaming business, and this deal is a significant step forward. The company launched its Fox One competitor last August but lacked a serious streaming business to compete with major players like YouTube, Netflix, and Disney+.

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

Original reporting: KEYT (Ventura/Santa Barbara) — read the source article.