Fox strikes $22bn deal for Roku to fuel streaming push

Deal gives network access to more than 100m households using Roku streaming platform

Fox Corp is buying Roku in a cash-and-stock deal ⁠valued at about $22bn in a bet that pairing its sports and news programming with a top TV streaming platform will strengthen its position as audiences shift online.

The deal, ⁠announced on Monday, gives ⁠Fox access to the more than 100m households using Roku’s streaming platform, potentially helping the cable TV-reliant media company better target ads and reduce reliance on traditional distribution.