Fox to buy Roku for $22 billion
· CNBC
AI Briefing
- Fox Corp. to acquire Roku for approximately $22 billion in enterprise value.
- Acquisition marks another chapter in media consolidation amid industry changes.
- Fox to pay $160 per share for Roku shares.
Context
Fox has reached a deal to acquire Roku for about $22 billion in enterprise value. The agreement is to acquire Roku for $160 per share.
Fox's acquisition of Roku marks another chapter in media consolidation as the industry faces changes and challenges. The deal is valued at roughly $22 billion.
Advertisement