Roku agrees to $22B sale to Fox, boosting its stock to a four-year high.

Roku has agreed to be acquired by Fox Corp. in a deal valued at $22 billion, involving both cash and stock. This announcement followed a 20.1% surge in Roku's stock price after reports emerged that Roku was in talks about a potential sale. The deal values Roku's shares at an 11% premium, reflecting strong investor confidence. This acquisition could reshape the streaming and media landscape as Fox expands its digital offerings.