Fox’s $22B Roku buy creates a third‑largest U.S. TV audience and could double ad revenue
Fox Corp. will buy Roku for $160 a share in a cash‑and‑stock deal worth about $22 billion, instantly making the combined entity the third‑largest U.S. TV audience holder. The merger pairs Fox’s live sports and news slate with Roku’s 100 million‑household streaming platform, unlocking a massive ad inventory that could double Fox’s streaming revenue.