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Fox Corp. snaps up Roku in $22B deal, creating TV giant

Fox has agreed to buy Roku in a deal valuing the streaming giant at about $22 billion, the companies announced Monday. Fox will pay $160 a share in cash and Class A common stock. The acquisition will bring together Fox’s extensive sports, news and entertainment offerings — and its own Tubi streamer — with Roku’s 100 million streaming households worldwide, creating a “next-generation media and technology company,” Fox said. Together, they’ll likely form the third-largest U.S. television entity by share of viewing.

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