Fox acquires Roku for $22B to boost streaming reach with 100M households.

Fox is acquiring Roku for $160 per share in a $22 billion cash and stock deal, combining Fox's content and Tubi service with Roku's 100 million global streaming households. Fox shareholders will own 73% of the combined company, while Roku shareholders get 27%. The deal aims to expand Fox's streaming footprint while keeping Roku as an open platform. Meanwhile, SpaceX surged 20% on its trading debut, and Tripadvisor rose over 10% after selling its European restaurant platform to American Express for $700 million. Memory stocks also led tech gains amid positive market sentiment following an Iran-U.S. peace deal. IPO expectations for Anthropic and OpenAI have softened after SpaceX's debut.