1 Day
Source:
Los Angeles Times
Fox to acquire Roku for $22B
Fox Corporation will acquire streaming platform Roku Inc. in a deal valued at $22 billion, combining Fox’s media assets with Roku’s reach of 100 million consumers globally. The acquisition provides Fox access to households amid the decline of traditional pay TV and includes cash and stock valued at $160 per Roku share. Fox expects to realize $400 million in cost savings from the merger.
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