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Fox Corp completes Roku acquisition and creates FOX Digital Platforms

TechnologyInternationalFox BusinessAI summary
Image: Fox Business

Fox Corp. announced on Friday that it completed its acquisition of the streaming platform Roku, expanding its digital presence alongside Tubi and FOX One. The company said combining its live sports, news and local programming with Roku's connected TV platform, which reaches more than 100 million households, will create new opportunities with viewers, advertisers and partners. Fox expects about $400 million in cost synergies within two years. Roku founder Anthony Wood will join Fox's board.

In 35 seconds

  • Fox Corp. closed its acquisition of Roku, adding to Tubi and FOX One in its streaming lineup.
  • Roku reaches more than 100 million households with its open connected TV platform.
  • Fox expects about $400 million in run-rate cost synergies within two years of closing.
Read the full story at Fox Business

IASummary generated by artificial intelligence from a story by Fox Business. It may contain errors: the original source prevails.

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