Fox to acquire Roku in deal valued between $22B and $25B, merging broadcast and streaming

—Fox Corporation has agreed to acquire Roku, the streaming platform pioneer, in a cash-and-stock deal that news outlets valued between $22 billion and $25 billion. The acquisition would combine Fox's traditional broadcast assets with Roku's 80+ million active accounts and smart TV operating system, creating a significant new force in the streaming wars. The deal underscores Fox's ambition to compete directly with Netflix, Disney+, and other streaming giants by controlling both content and distribution.