Key facts
- Fox Corporation is reportedly making a $22 billion bid to acquire Roku.
- The acquisition aims to capture viewers who have cut traditional cable services.
- Fox and Roku have entered into a content streaming agreement.
- Fox content will be streamed on Roku's platform.
- Amazon is considering a $2.25 billion loan to refinance debt.
- Amazon is working with Bank of America on the loan deal.
- Exxon Mobil is reportedly exploring potential acquisition targets.
Fox Corporation is reportedly preparing a $22 billion bid to acquire Roku. This strategic move is designed to increase Fox's viewership among individuals who have ceased subscribing to traditional cable television services. The potential acquisition comes shortly after Fox and Roku finalized a content streaming agreement, which allows Fox content to be available on Roku's platform. This existing deal signifies Fox's commitment to broadening its digital distribution channels and enhancing its presence in the streaming market.