Fox Buys Roku for $22 Billion After Losing $210 Million Selling It Six Years Ago

Fox is buying Roku, the software that runs streaming TV, for $22 billion—undoing a costly 2020 mistake. Back then, Fox sold its piece of Roku at a loss during the pandemic to raise cash. Now, with traditional TV fading, Fox wants to own the system that reaches millions of TVs to control where ads run and what streams where.