From Adweek · Mark Mwachiro · · 40s
Fox Completes $22 Billion Roku Deal
Fox Corp. acquires Roku for $22 billion, creating the U.S.'s third-largest TV company.
In brief
Fox Corp. acquires Roku for $22 billion, creating the U.S.'s third-largest TV company. Fox Corp. completed a $22 billion deal to acquire Roku, forming the third-largest U.S. television company by viewership. Originally reported by Adweek.
Fox completes $22 billion Roku acquisition
Fox Corp. has finalized a $22 billion deal to purchase Roku, combining their streaming and tech platforms.
New U.S. TV leader by viewership
The merged company becomes the third-largest entity in U.S. television by share of viewing.
Roku shareholders receive Fox shares
Roku stockholders get $95.30 cash and 0.9799 shares of Fox Class A stock per share owned.
Here's the gist
Fox Corp. completed a $22 billion deal to acquire Roku, forming the third-largest U.S. television company by viewership.
