Fox to Buy Roku at $22 Billion Value in Streaming Video Push (4)

Fox Corp. agreed to acquire Roku Inc. in a deal valued at about $22 billion including debt, creating a new television juggernaut and marking a big push into ad-supported streaming.

The deal will blend Fox’s sports, news and entertainment channels, including the free, ad-supported Tubi, with Roku’s streaming platform of more than 100 million subscribers, the companies said in a statement Monday. The acquisition will create the third-largest player in the US television market by share of viewing, spanning broadcast, cable, local and streaming, they said.

Lachlan Murdoch

Source: Fox/Getty Images

“This combination will transform the scope of our company into high-growth verticals and ...