Fox stock sinks after it agrees to buy streaming pioneer Roku in a $22 billion deal

Fox is buying Roku in a cash-and-stock deal worth about $22 billion — roughly $160 per Roku share.
Fox shares plunged more than 17% at the open while Roku dipped modestly after Friday’s rally.
Roku will stay an open platform, founder Anthony Wood will remain involved and join Fox’s board, and the tie-up gives Fox access to 100M+ households, Roku’s channel and first‑party data (deal expected to close H1 next year).