#roku Tech News.
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The latest roku news, distilled by AI into sharp ~100-word summaries. ByteBrief tracks roku across dozens of tech sources and brings you only what matters, updated hourly. Tap any story for the full brief, or open the original source.
Fox is acquiring Roku for approximately $22 billion, including debt. The deal combines Fox's sports, news, and entertainment content with Tubi and Roku's streaming platform. Fox shareholders will own 73% of the combined company. The acquisition is expected to close in the first half of next year.
Fox announced it is acquiring Roku outright in a deal valuing the streaming company at $22 billion. The combined company will become the third-largest player in the US TV industry by viewing share. Roku founder Anthony Wood will stay on and join Fox's board of directors.
Roku shares jumped 20% after reports of sale talks with at least one media company. The company holds over $2 billion in cash with no long-term debt. Five potential buyers that make sense are Comcast, Microsoft, Netflix, The Trade Desk, and Disney.
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