Fox Buys Roku In $22 Billion Deal To Build "Next-Gen Media" Giant

Fox Buys Roku In $22 Billion Deal To Build "Next-Gen Media" Giant Fox agreed to acquire Roku for $160 per share in a cash-and-stock deal, valuing Roku at around $22 billion. The deal marks a major push by Fox into connected TV, streaming advertising, and direct-to-consumer distribution. On Friday, Roku shares jumped 20% to a four-year high on Bloomberg news that the company was in talks to be acquired by an unnamed media company. That created a wave of suspense over the weekend amo...