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Consumer

Fox completes $22bn acquisition of Roku

Fox completed its $22 billion acquisition of streaming-platform maker Roku earlier than expected, according to three technology reports. Roku founder Anthony Wood joined Fox’s board and will co-chair a new unit combining Roku with the Tubi and Fox One streaming businesses. Roku’s platform reaches more than 100 million US households.

Why it matters

The deal gives Fox control of a large connected-TV platform and combines hardware, advertising and streaming services under one owner.

Sources

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