Fox enters agreement to buy Roku for $22B
Lucian Nemoiu
June 15 (UPI) -- Fox announced Monday an agreement to buy Roku -- a producer of streaming devices and services -- for $22 billion. The two companies entered a definitive agreement in which Fox will acquire Roku for $160 per share in a combination of cash ($96 per share) and Fox stock (0.97 shares per Roku share). Lachlan K. Murdoch, executive chair and CEO of Fox, described the acquisition as a "natural extension" of the company's overall strategy for nearly a decade. "Today, we take the next
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