Fox to Acquire Roku for $22 Billion, Aims for Third-Largest US TV Player
Fox has announced its intention to acquire video streaming company Roku for approximately $22 billion, a sum that includes taking on debt. This strategic move is expected to position the combined entity as the third-largest player in the U.S. television market, measured by share of viewing. The acquisition follows Fox's earlier purchase of Tubi in 2020.
Fox has announced its plan to acquire video streaming company Roku for a total of around $22 billion. This figure encompasses the assumption of existing debt as part of the transaction.
The acquisition is anticipated to significantly alter the landscape of U.S. television. The combined company is projected to become the third-largest player in the market, based on its share of viewing.
This move by Fox follows its previous acquisition of Tubi, another video streaming service, which occurred in 2020.
According to 9to5Mac, these strategic acquisitions aim to bolster Fox's presence in the competitive video streaming and television sectors.
