When a Roku customer turns on their TV today, hours after Fox acquired the company for $22 billion, they’ll see some familiar sights: a large box promoting the Rachel Bilson-led drama Hart of Dixie, which now streams on Pluto TV, and tiles promoting new seasons of Euphoria and Love Island USA. In future, one might […]

The deal will give Fox access to the Roku Channel, first-party data and more than 100 million global streaming households.

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, a sharper-than-usual haircut for a company making a major acquisition. Roku stock […]

Lachlan Murdoch has for years downplayed the appeal of streaming when it came to a company like his Fox Corp., which remains one of the biggest suppliers of sports, news and entertainment via the industry’s traditional content “pipes” of broadcast and cable TV. Fox in the past poked fun at rivals who asked consumers to […]

Roku shares rocketed to a 4-year high on Friday after word emerged that the streaming company is in talks to sell itself to an unnamed media company. The stock surged 20% to close at $143.66, rising another fraction in after-hours trading, after Bloomberg reported that a media company had held acquisition talks with Roku. Reuters […]

Shares of Roku hit a 52-week high Friday on a report that the streaming platform company is in talks to sell itself. Roku’s stock closed at $143.66/share Friday, up 20% for the day, pushing its market cap up to about $21.3 billion. That came after Bloomberg reported that Roku has been “in discussions with at […]