Fox to buy Roku in a $22-billion deal
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- Fox Corp. agreed to acquire Roku in a cash-and-stock deal valued at approximately $22 billion including debt, per the Associated Press
- Fox's stock was tumbling after the deal was announced, suggesting investor skepticism over the acquisition price (per Barron's, as reflected in cross-coverage titles)
Why it matters: Fox is paying a steep premium to absorb Roku's streaming platform and ad-tech stack just as the connected-TV wars intensify with Netflix, Disney, and Amazon all competing for the same living-room audience — and the immediate selloff in Fox shares suggests Wall Street sees Roku as overpriced at $22B.
