Fox Is Buying Roku
Entertainment
Photo: Justin Sullivan/Getty Images Oh, you thought media consolidation was limited to David Ellison buying two studios ? You need to think bigger about how small that world can get. Fox Corporation is buying Roku, Inc., giving the company control of Roku’s connected TV platform. The deal is costing Fox $160 per share, using a combination of cash and Fox stock, and valuing Roku at $22 billion in total. The sale makes Fox, which sold its entertainment company 21st Century Fox to Disney in 2019,
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