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Fox buying streaming platform Roku in cash-and-stock deal worth about $22 billion (apnews.com)

submitted 20 hours ago by MicroWave@lemmy.world to c/economics@lemmy.world

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Fox Corp. is buying streaming platform Roku in a cash-and-stock deal valued at approximately $22 billion, including debt.

The deal will give Fox access to the Roku channel, first-party data and more than 100 million global streaming households. Fox oversees a massive media network that includes sports, news and entertainment, as well as Tubi.

The companies said Monday that Roku will continue t be run as an open, partner-friendly platform. Fox and Roku said that the combined company will become the third-largest player in U.S. television by share of viewing.

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[–] kaidenshi@lemmy.world 31 points 20 hours ago (2 children)

A match made in hell. Roku went to shit the day they prevented your already purchased and used device from working unless you agreed to their new Draconian terms. I hope Fox loses every cent of that $22bln.

[–] zergtoshi@lemmy.world 22 points 18 hours ago (1 children)

They don't want to make money.
They want more means to brainwash people.

[–] fleem@piefed.zeromedia.vip 8 points 18 hours ago

millions of microphones across america

[–] CentipedeFarrier@piefed.social 1 points 17 hours ago

Im so glad mine were blocked from the internet when that came out. I factory reset them and they never got internet access again.

Am I ticked I cant use my smart TV as a smart TV? Sure. Am I glad I got it before that agree-or-brick? Absolutely.