Fox Paying $22 Billion to Purchase Streaming Giant Roku

Fox is preparing to acquire streaming video company Roku for $22 billion. The deal, announced Monday (June 15), will make Fox the third-largest player in the television world in terms of viewership share. The companies say they plan to operate Roku “as an open, partner-friendly platform” committed to “the continued ubiquitous distribution of FOX content.” Fox CEO Lachlan Murdoch noted in a news release that the deal follows the company’s pivot to focus on news and live sports in 2019 and its acq