Economics

1141 readers

195 users here now

founded 3 years ago

123

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

23 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] 48954246@lemmy.world 5 points 11 hours ago (1 children)

Fox Sports and Fox Broadcasting join Fox News as assets that will help make up Fox Corporation — which is officially a stand-alone, publicly traded company.

Ah ok, thanks for the pull up.

[–] 0ops@piefed.zip 1 points 5 hours ago

Anytime