Fox has announced that it's acquiring Roku outright, in a deal that values the streaming company at $22 billion.
The deal will see Fox's TV networks and Tubi streamer combine with Roku's network of streaming devices, smart TV software, and The Roku Channel. The companies say in a statement that by combining they'll become the third-largest player in the US TV industry by viewing share.
It doesn't sound like the plan is to build Roku and Fox into a walled ecosystem. The two companies are "committed" to keeping Roku an open-platform that works with other content providers, and to the "continued ubiquitous distribution" of Fox's own content.
…This article was originally published by The Verge and written by Dominic Preston.
Read original article on The Verge