Fox Corporation to acquire streaming platform Roku in USD22 billion
New York [US], June 15, (ANI): Fox Corporation is buying streaming platform Roku in a USD22 billion deal that would make the American media giant a force to reckon with in the live news and sports as well as streaming industry.
Fox will acquire Roku for USD160 a share in a combination of cash and FOX Class A common stock, the company said in a release.
“This is a defining moment for FOX, and a natural extension of the deliberate and focused strategy we have been executing for nearly a decade,” Lachlan Murdoch, executive chair and CEO, Fox Corporation said.
