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Story summary
- Fox Corp. announced a cash-and-stock acquisition of Roku valued at $22 billion.
- The deal gives Fox access to more than 100 million Roku households.
- CEO Lachlan Murdoch said the transaction merges Fox’s live-content portfolio with the leading streaming platform.
- Forrester vice president Mike Proulx said the acquisition moves Fox nearer to the scale needed to future-proof its business.
