Fox Corporation announces acquisition of Roku for approximately $22 billion to create a integrated platform for streaming and live content.

Fox Corporation and Roku announced on June 15th that they have signed a final agreement. Fox will acquire Roku in a combination of cash and stock at a price of $160 per share, with a total transaction value of approximately $22 billion. After the transaction is completed, Fox will integrate its sports, news, and entertainment content resources and Tubi streaming platform with Roku's connected TV platform, Roku Channel, first-party data, and over 100 million global streaming households. By market share, it will become the third largest player in the US television industry, covering all major viewing scenarios such as broadcast, cable, local, and streaming.