Fox to acquire Roku for $22 billion, merging streaming and broadcast assets.

Fox Corp. has agreed to acquire Roku for about $22 billion, combining Fox's sports, news, and ad-supported streaming service Tubi with Roku's streaming devices and The Roku Channel. This deal marks a significant move in media consolidation as Fox expands its streaming presence following its 2020 purchase of Tubi and recent launch of Fox One. The acquisition aims to strengthen Fox's position in the evolving streaming market amid industry challenges.