PERSPECTA

News from every angle

Business Insider

Fox steps up streaming ambitions with $22 billion Roku acquisition

Fox is making a big bet on streaming TV by entering a deal to acquire the connected-TV platform Roku. Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images Fox is making its biggest bet yet on streaming TV. Fox on Monday announced it had entered an agreement to acquire Roku for a mix of cash and stock. The deal gives Roku an enterprise value of around $22 billion, Fox said. The deal combines Fox's sports, news, and entertainment content with Roku's connected-TV devices and d...