Fox to Buy Roku for $22 Billion

Fox just agreed to buy Roku for $22 billion, aiming to become the third-largest U.S. TV player by merging Fox’s live sports and news with Roku’s streaming audience and 100M+ global households. Roku will keep running as-is, preserving its open platform, while Fox gains the Roku Channel, first-party data, and a strategic boost to its ad and subscription revenue. Founded by Anthony Wood — who started Roku to rewatch Star Trek — the company’s roots trace back to Netflix’s early streaming experiments. Fox CEO Lachlan Murdoch says the deal is about future-proofing video, and Wood will stay on board as a Fox board member. Terms include $160/share, cash + stock, with closing expected early next year pending approvals. Both stocks dipped Monday. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/139ccfe6ce76a88b