AI summary
Fox's $22 billion acquisition of Roku secures a dominant streaming platform, enabling Fox to expand its sports and news reach to over 100 million US households.
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Fox bought Roku
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Fox has officially closed its $22 billion acquisition of Roku, the companies announced on Friday. With Roku under its umbrella, Fox now controls a major streaming platform that reaches more than 100 million households in the US. First announced in June, the deal will allow Fox to bring Fox Sports, news content, and local stations to Roku. "I would expect that we can grow our viewership in the US with a combination of Roku technology, Roku's platform, the tremendous content that's on the Roku channel, and the content that Fox brings to it as well," Fox CEO Lachlan Murdoch said at the time. Along with Roku, Fox also operates its own Fox One s … Read the full story at The Verge.
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