Fox, Roku
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Fox and Roku frame blockbuster $22B merger as streaming win-win, but Wall Street has questions
Top executives from Fox Corp. and Roku say Fox’s $22 billion acquisition of the streaming giant is a win-win transaction, but Wall Street appears to have reservations. Fox shares fell 18% in the first hour of trading Monday after the deal was announced,
Roku no longer regularly releases figures for its installed base. But now it’s touting a new milestone: The company says it has surpassed 100 million streaming households worldwide. The number includes households that watch TV using a Roku streaming ...
A proposed merger with Roku gives Fox access to 100 million households, widespread advertising opportunities, and the ability to diminish rivals on a leading TV platform.
