Fox wants to take over your TV — and the tech inside it
AI Summary
Fox Corporation has agreed to purchase Roku, the streaming platform and device manufacturer, in a $22 billion transaction combining cash and stock. The acquisition unites Fox's content operations—including live sports and news—with Roku's technology platform and distribution network, which serves more than 100 million households. The merger is anticipated to close in the first half of 2027 as Fox seeks to strengthen its competitive position in the streaming market.
Fox is about to take over the TVs in more than 100 million homes worldwide.
On Monday, Fox announced that it's acquiring Roku, the streaming middleman that serves as a portal for viewers to hop into services like Netflix, Disney Plus, Hulu, and more.
The $22 billion deal may not change Roku's familiar purple interface, […] ...
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