Todd Spangler, writing for Variety:

Fox announced Monday that it has agreed to acquire Roku for $160.00/share in a combination of cash and Fox Class A common stock, giving Roku an enterprise value of about $22 billion. The companies expect the deal to close in the first half of calendar year 2027.

The deal would combines Fox’s sports, news and entertainment content and the Tubi service with Roku’s connected TV platform, the Roku Channel, first-party data and direct relationship with more than 100 million global streaming households.

…

According to the companies, on a pro-forma basis, the combined company will become the third-largest player in U.S. TV by share of viewing.

Lachlan Murdoch sure knows how to strike while the iron is hot.