From Engadget · Will Shanklin · · 1m
Fox completes twenty two billion dollar Roku takeover
Fox Corporation has closed its acquisition of Roku, the streaming platform used by over one hundred million households globally, five months after the deal was announced.
In brief
Fox Corporation has closed its acquisition of Roku, the streaming platform used by over one hundred million households globally, five months after the deal was announced. Fox Corporation completed its twenty two billion dollar acquisition of Roku, giving the media company control of a platform reaching over one…
Fox closes Roku acquisition
Fox Corporation has officially completed its twenty two billion dollar purchase of Roku, announced in June.The Trump Justice Department cleared the deal after a five month review, unusually fast for a merger of this size.
What Roku reaches and owns
Roku reaches over one hundred million households globally and serves as a gateway to Netflix, YouTube TV and Disney Plus. The platform sells ads and subscription bundles and owns Tubi, another streaming service.
Roku founder joins Fox board
Roku founder Anthony Wood will join Fox's board and co-lead Fox Digital Platforms, a new division overseeing Roku, Tubi, Fox One and other digital brands. What the deal means for Roku users remains unclear.
Here's the gist
Fox Corporation completed its twenty two billion dollar acquisition of Roku, giving the media company control of a platform reaching over one hundred million households globally.
