ExclusiveFox to Buy Roku Streaming Service in $22 Billion Deal

Fox Corporation announced Monday that it has agreed to acquire Roku in a deal valued at approximately 22 billion dollars, marking one of the largest mergers in the media and streaming industry in recent years. Under the terms of the agreement, Fox will purchase all outstanding shares of Roku, combining the media company's content portfolio with Roku's streaming platform and connected television technology. The transaction is expected to strengthen Fox's position in the rapidly growing streaming market as traditional television companies continue to shift toward digital distribution. The company said Roku will continue operating as a standalone brand following the acquisition. Existing Roku customers are not expected to experience immediate changes to their services, subscriptions, or devices. If approved, the transaction is expected to close later this year. This combination will transform the scope of our company into high growth verticals and yield a step change in our overall growth profile, Fox chief executive officer Lachlan Murdoch said.