Fox’s $22B Roku deal reshapes streaming and sports TV
Fox to buy Roku in a $22 billion cash-and-stock deal, uniting Fox networks, the Tubi platform and Roku under one umbrella while keeping Roku as a separate offering and aiming for roughly $400 million in run-rate synergies; separately, Rangers Sports Network is pursuing local NBA broadcast rights with an 85/15 revenue split amid NBA moves toward centralized local rights; the DOJ reportedly closed its Paramount-WBD merger probe with no lawsuit, though Paramount could end up with CBS Sports and TNT Sports if the deal closes.