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Fox steps up streaming ambitions with $22 billion Roku acquisition
Fox is making a big bet on streaming TV by entering a deal to acquire the connected-TV platform Roku.Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty ImagesFox. is making its biggest bet yet on streaming TV.Fox on Monday announced it had entered an agreement to acquire Roku for a mix of cash and stock. The deal gives Roku an enterprise value of around $22 billion, Fox said.The deal combines Fox's sports, news, and entertainment content with Roku's. connected-TV devices and digital ads business.Fox CEO Lachlan Murdoch said the deal marks "a defining moment for the company."This is a developing story. Come back for updates. Read the original article on Business Insider
