Fox has agreed to acquire Roku for $22 billion, according to a joint announcement. The deal is being billed as a streaming mega-deal.
The Acquisition
The $22 billion transaction involves Fox buying all outstanding shares of Roku. The acquisition positions Fox to compete more directly in the streaming market.
The deal brings together a content company and a platform company. It reflects the trend of vertical integration in streaming.
Next Steps
The acquisition requires approval from Roku shareholders and antitrust regulators. No specific timeline has been given for completion.
