Fox Corp. announced plans to purchase streaming service Roku for $22 billion. If the deal is approved, it would provide FOX with access to more than 100 million global streaming households as well as the Roku channel and its first-party data. The move is part of Lachlan Murdoch’s vision to better compete in the streaming sector. FOX purchased free streaming service Tubi for $440 million in 2020, and last year launched FOX One, a streaming service featuring content from FOX News and other popular FOX TV networks.
Fox Corporation to Acquire Roku, Inc.
Press Release
Fox Is Buying Roku in $22 Billion Deal
Variety
With Roku Acquisition, Fox Keeps Running Its Own Streaming Race
The Hollywood Reporter
Fox’s $22 Billion Roku Deal Puts Tubi on a Screen Fox Owns
Forbes
Fox to Acquire Roku, Joining the Battle for the Living Room
The New York Times
What Fox’s Roku Acquisition Says About Lachlan Murdoch’s Vision
The Poynter Report
Fox to Buy Roku Streaming Service in $25 Billion Deal
The Wall Street Journal (subscription required)