Fox’s $22 billion acquisition of Roku is being touted as a “turning point” for Fox Corp. Beyond financial synergies, this deal marks an aggressive consolidation of the connected TV market, where Fox’s “strategic comeback” signals the end of a transition following the sale of some of its assets to the Disney group. “This is a defining moment for Fox”! That was the bold statement from Lachlan Murdoch, CEO of Fox, announcing Fox Corp.’s acquisition of Roku. The group is set to pay $22 billion to acquire the connected TV service, a move designed to propel the media group into the streaming arena. The deal calls for the acquisition of Roku at $160 per share, via a combination of cash and Fox Class…
