Economics

1142 readers

144 users here now

founded 3 years ago

100

Fox buying streaming platform Roku in cash-and-stock deal worth about $22 billion (apnews.com)

submitted 1 day ago by MicroWave@lemmy.world to c/economics@lemmy.world

22 comments fedilink hide all child comments

Fox Corp. is buying streaming platform Roku in a cash-and-stock deal valued at approximately $22 billion, including debt.

The deal will give Fox access to the Roku channel, first-party data and more than 100 million global streaming households. Fox oversees a massive media network that includes sports, news and entertainment, as well as Tubi.

The companies said Monday that Roku will continue t be run as an open, partner-friendly platform. Fox and Roku said that the combined company will become the third-largest player in U.S. television by share of viewing.

you are viewing a single comment's thread
view the rest of the comments

[–] rafoix@lemmy.zip 33 points 1 day ago (1 children)

Corporate consolidation is the capitalist end point. They can’t run the business any better so they make it bigger and fire more people.

[–] Sludgehammer@lemmy.world 9 points 1 day ago (1 children)

And eventually there's just one company left, so you have no choice but to buy from them no matter how expensive or slapdash their product.

[–] 48954246@lemmy.world 5 points 1 day ago (2 children)

And that company here is Disney right? Unless I'm mistaken Disney's owns Fox, so this reeks even more of Disney's effort to swallow any sort of competition

[–] 0ops@piefed.zip 12 points 1 day ago (1 children)

Not this fox, you're thinking of 21st century Fox. This is Fox as in Fox News

[–] 48954246@lemmy.world 5 points 21 hours ago (1 children)

Fox Sports and Fox Broadcasting join Fox News as assets that will help make up Fox Corporation — which is officially a stand-alone, publicly traded company.

Ah ok, thanks for the pull up.

[–] 0ops@piefed.zip 1 points 15 hours ago

Anytime

[–] P00ptart@lemmy.world 1 points 19 hours ago

Mom corp. actually. All because she was scorned by Dr Farnsworth.