Shareholders Approve Fox’s $22 Billion Roku Acquisition
By Jillg366
With media M&A in the air, shareholders of both companies have approved Fox’s planned cash and stock acquisition of Roku at special meetings today. The approvals were expected. The deal announced in June – which will turbocharge Fox’s streaming capabilities – calls for the company run by Lachlan Murdoch to acquire…
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Acquisition
The purchase of one company by another, giving the buyer control of the target's business.
Acquisitions can speed growth for the buyer but raise competition and job concerns.
More about AcquisitionStreaming service
A subscription or ad-supported service that delivers films, series or music over the internet on demand.
Streaming has changed how people watch and listen, and how creators are paid.
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