Making Financial Headlines · Page 10
Fox Buys Roku and Adds 100 Million Households to Its Menu
· New York time
Fox has closed its $22 billion acquisition of Roku, a streaming platform reaching more than 100 million U.S. households. First announced in June, the deal gives Fox control of a major platform and a way to bring its sports, news and local stations to viewers. The merger combines content with a platform on which people find it, bringing a large audience under the same corporate umbrella as the programming. The family has grown considerably, although the remote still has only so many buttons.
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