Fox Acquires Roku in $23 Billion Deal, Shifting Strategy from Streaming Arms Race
Fox (FOXA) is acquiring Roku (ROKU) for approximately $23 billion at $160 per share. The deal positions Fox to control a platform that powers nearly half of U.S. streaming time and serves as a critical distribution gatekeeper, shifting the company's strategy from competing in the streaming arms race to leveraging existing infrastructure.
Topics: acquisition Fox media Roku streaming