NY Times - Fox Corp., the parent company of Fox News and the Fox broadcast network, said on Monday that it would acquire the streaming company Roku in a deal worth $22 billion. The cash-and-stock deal, if approved, would give Fox Corp. a foothold in more than 100 million households that stream content using devices powered by Roku, whose distinctive black-and-purple remotes are common in living rooms around the world.
The deal combines “the most valuable live content portfolio in video consumption with the pre-eminent streaming platform through which America watches it,” Lachlan Murdoch, the chief executive of Fox Corp., said in a statement.
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