Fox to Acquire Roku for Twenty-Two Billion Dollars to Dominate Connected TV
In a massive entertainment shakeup, Fox has agreed to buy Roku for a whopping $22 billion to control about 73% of its shares. The mega-merger aims to dominate the connected television market by blending Fox's content with Roku's streaming tech. It seems the big fish—or rather, big foxes—are swallowing up the digital pond.