Fox is buying Roku

Fox has announced that it's acquiring Roku outright, successful a woody that values the streaming institution astatine $22 billion.

The woody volition spot Fox's TV networks and Tubi streamer harvester with Roku's web of streaming devices, astute TV software, and The Roku Channel. The companies accidental in a statement that by combining they'll go the third-largest subordinate successful the US TV manufacture by viewing share.

It doesn't dependable similar the program is to physique Roku and Fox into a walled ecosystem. The 2 companies are "committed" to keeping Roku an open-platform that works with different contented providers, and to the "continued ubiquitous distribution" of Fox's ain content.

Read the afloat communicative astatine The Verge.