Fox Corp. to Acquire Roku for $22 Billion in Media Consolidation Move
نظرة سريعة
- Fox Corp. has agreed to acquire Roku for approximately $22 billion, or $160 per share.
- This deal combines Fox's media assets, including its news and sports channels and Tubi streamer, with Roku's streaming devices and The Roku Channel, signaling further consolidation in the media industry.
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Fox Corp. is acquiring Roku for $22 billion, a move that consolidates media assets amid industry changes. This follows Fox's 2019 divestiture of entertainment assets to Disney.
Fox Corp. has reached an agreement to acquire Roku for roughly $22 billion, marking another chapter in media consolidation as the industry grapples with several changes and challenges.
On Monday Fox announced it would acquire Roku for $160 per share. Fox's stock was trading down about 13% in premarket trading, while Roku was up about 2%.
The combination will bring together Fox's news and sports channels, as well as its free ad-supported streamer Tubi with Roku, the maker of streaming devices and also the home of The Roku Channel, a service similar to Tubi.
The proposed acquisition comes about seven years after Fox's last major deal, when it shed its entertainment assets in a $71 billion deal with Disney . Since then, Fox's portfolio has primarily been made up of its TV channels, namely broadcast network Fox, which has been airing the FIFA World Cup since last week, and Fox News Channel on cable.
أسئلة مفتوحة
- Regulatory approval status?
- Integration challenges?
- Future content strategy?
