Fox to Acquire Roku for $22 Billion in Cash and Stock
Fox Corporation has agreed to acquire streaming company Roku in a $22 billion deal, combining Fox's content with Roku's platform. The acquisition is seen as beneficial for Roku shareholders due to an 11% premium on its stock price.
Tickers: $AMZN $FOXA $GOOGL $ROKU
Topics: Fox Corporation media industry consolidation Roku stock market reaction