Fox Corp. Agrees to Acquire Streaming Pioneer Roku in $22 Billion Deal

Fox Corp. has agreed to purchase streaming technology leader Roku in a cash-and-stock transaction valued at approximately $22 billion. This acquisition consolidates major media interests and expands Fox's direct-to-consumer streaming capabilities in a competitive market. The deal represents a significant shift in the media landscape, potentially altering the balance of power between traditional broadcasters and independent streaming platforms.