Fox buying streaming platform Roku in cash-and-stock deal worth about $22 billion

Fox Corp. has announced the acquisition of Roku, a leading streaming platform, through a combination of cash and stock. The transaction is valued at roughly $22 billion, marking a significant move in the media and entertainment sector. This deal is expected to expand Fox's presence in the digital streaming market. Roku will continue to operate independently under Fox's ownership. The merger aims to enhance content distribution and viewer engagement. Analysts believe this acquisition could reshape the competitive landscape of streaming services. The deal is subject to regulatory approval and other customary conditions.

The acquisition strengthens Fox's position in the evolving streaming industry and could influence future media consumption trends.