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The Department of Justice’s Antitrust Division Friday announced that it closed its investigation into Fox Corp.’s $22 billion acquisition of Roku after finding the deal “is not likely to result in harm to competition.” However, Fox — which announced the completion of the Roku deal Friday — made several commitments to the DOJ in connection […]
Surprise! Fox Corp. said Friday it has closed the acquisition of streaming platform Roku, a deal valued at $22 billion, well ahead of the expected 2027 date. Roku founder and CEO Anthony Wood will join the Fox board of directors. He will serve as co-chair, Fox Digital Platforms, a newly formed division that includes Roku, […]
Roku’s financial engines are cranking in overdrive ahead of the streaming platform company’s takeover by Fox Corp. next year. For the third quarter, Roku handily topped Wall Street earnings expectations, with top-line growth of 24% to $1.50 billion in revenue. Total gross profit was $649 million, up 24%, and Roku generated net income of $183 […]
Fox Corporation said profit in its fiscal first quarter was bolstered by advertising revenue tied to its multi-week telecast of the FIFA World Cup as well as increases in political ads and in the number of subscribers to its TV networks — dynamics that many traditional media corporations are hard-pressed to duplicate in the streaming […]
