Fox Corp. is buying streaming platform Roku in a cash-and-stock deal valued at approximately $22 billion.
The deal announced Monday will give Fox access to the Roku channel, first-party data and more than 100 million global streaming households. Fox is a media giant that includes sports, news and entertainment content as well as Tubi.
Fox will pay $96 in cash and 0.9693 shares of its Class A common stock for each Roku Class A and Class B share outstanding. The transaction is valued at $160 per Roku share.
