ROKU news

Roku delivered robust third-quarter revenue growth exceeding 20% despite device gross margin headwinds. Strong platform monetization drove total net revenue to $1.5 billion and pushed total gross profit up 24%.

Roku has entered into a definitive merger agreement with Fox Corporation, with the deal structured through two merger subsidiaries. The transaction represents a significant consolidation in the streaming media sector.

Fox Corporation agreed to acquire Roku for $160 per share, creating a scaled media and technology platform combining Fox's live content with Roku's streaming platform reaching over 100 million households. The transaction positions the combined company as the third-largest U.S. television player whil…