Variety
·entertainment
·4 hours ago
Will Fox’s Roku Buy Help Lachlan Murdoch Leapfrog Rivals in Streaming Wars?
Fox Corp announced a $22 billion acquisition of Roku, a significant shift for Lachlan Murdoch, who previously downplayed streaming's importance. Murdoch stated the deal positions Fox for the next decade of video, as it aims to increase its advertising leverage amid rising streaming trends. This acquisition will enhance Fox's competitive stance against major rivals like Disney and Paramount.
Summary by Glance · Variety
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