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

submitted 4 days 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 33 points 4 days ago (3 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 23 points 4 days ago (1 children)

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

[–] fleem@piefed.zeromedia.vip 8 points 4 days ago

millions of microphones across america

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