Fox is buying Roku
The Verge ·
Fox has announced that it’s acquiring Roku outright, in a deal that values the streaming company at $22 billion. The deal will see Fox’s TV networks and Tubi streamer combine with Roku’s network of …
Fox has announced that it’s acquiring Roku outright, in a deal that values the streaming company at $22 billion. The deal will see Fox’s TV networks and Tubi streamer combine with Roku’s network of streaming devices, smart TV software, and The Roku Channel. The companies say in a statement that by combining they’ll become the third-largest player in the US TV industry by viewing share. It doesn’t sound like the plan is to build Roku and Fox into a walled ecosystem. …
Original source: The Verge