Fox to buy Roku for $22 billion

Fox Corporation plans to buy video streaming giant Roku, along with its namesake channel and customer data, in a deal worth a total of $25 billion.

Fox Corporation announced Monday that it plans to buy the video streaming giant Roku, along with its namesake channel and customer data, in a deal worth a total of $25 billion.

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Fox also owns Tubi, and the acquisition of Roku will make Fox the third-largest player in U.S. television by share of viewing, as it adds more than 100 million global streaming households, Fox said.

According to Nielsen, the Roku Channel commands 3% of all streaming viewership in the United States, putting it in fifth place overall behind YouTube, Netflix, Disney and Prime Video.