ROKU

Fox to buy streaming device maker Roku in $22 billion deal

Fox is acquiring streaming-device maker Roku in a $22 billion deal, priced at $175 a share — a 38% premium to Friday's close. The transaction gives Fox direct access to more than 90 million active Roku accounts and the company's advertising stack. The acquisition is one of the biggest US media M&A deals of the year and still needs regulatory approval.