Fox acquires Roku for $22 billion, share valued at $160 each
Fox Corporation has acquired streaming company Roku in a $22 billion deal, valuing Roku's stock at $160 per share. This acquisition aims to merge Fox's sports, news, and entertainment content, including its Tubi service, with Roku's leading connected TV platform and its 100 million global streaming households. Fox expects this move to combine its valuable live content portfolio with a preeminent streaming platform, generating significant growth and approximately $400 million in run-rate cost synergies.
https://www.jpost.com/business-and-innovation/all-news/article-899481