Fox Combines Its Media Business With Roku's Streaming Platform

Picture: Analytics Insight · see the original ↗

Fox Corporation has completed its USD 22 billion acquisition of streaming platform Roku, paid through a combination of cash and stock. Roku's connected TV platform reaches more than 100 million households worldwide. Fox shareholders own about 74% of the combined company and former Roku shareholders hold 26%. Fox expects approximately USD 400 million in annual cost savings within two years, and Roku shares will stop trading on the Nasdaq.

Source: Analytics Insight ↗

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