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Fox Corp. to Acquire Roku for $22 Billion
The deal aims to merge Fox's content with Roku's distribution platform, but analysts are skeptical about the price and strategic fit.
The acquisition comes as traditional media companies seek to compete with tech giants in streaming.
Fox's stock drop indicates market doubts about the synergies.
The combined entity would control a significant share of the streaming hardware market.
Roku, Inc.
American producer of streaming video and audio players for television, based in Los Gatos, California
American producer of streaming video and audio players for television, based in Los Gatos, California
Music streaming
Transmission and distribution of music through a data stream
Transmission and distribution of music through a data stream
Television
Telecommunication medium for transmitting and receiving moving images
Telecommunication medium for transmitting and receiving moving images