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Source:
Los Angeles Times
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Source: Los Angeles Times
4 HrsLos Angeles Times
Source: Los Angeles Times
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Fox Corporation completed its $22 billion acquisition of Roku on Friday, months ahead of its original target, combining Fox’s news, sports and broadcast channels with Roku’s streaming platform, which reaches 100 million households globally. Fox expects about $400 million in cost reductions within two years and says Roku will remain open to competitors’ content. Fox shareholders own about 74% of the combined company, while former Roku shareholders hold approximately 26%.
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