Fox Corp. is betting big on the future of streaming. The media company has announced plans to acquire Roku, the popular streaming platform, in a deal valued at 22 billion dollars. That works out to 160 dollars per share, paid through a combination of cash and Fox Class A common stock. The acquisition signals how aggressively traditional media companies are moving to consolidate the streaming landscape and compete with platforms like Netflix. According to Variety, this is a dramatic move for Fox's streaming ambitions.

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