Manila Times Business
Murdochs' Fox to acquire US streaming giant Roku
NEW YORK, United States — Fox Corporation will acquire streaming platform provider Roku in a cash and stock deal worth $22 billion, the companies announced Monday. Fox executives said the transaction would give it "first-party data" and insight on Roku's more than 100 million global subscribers, an attribute Roku has parlayed into advertising revenue growth. The deal deepens Fox's exposure to the hardware of the streaming business, diversifying away from the legacy cable broadcast universe
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Source: manilatimes.net
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