How Roku became way more important than you realize |
How Roku became way more important than you realize
The soon-to-be arm of Fox spent its early years in search of a business. Then a twist of fate turned it into streaming’s quiet giant.
[Photos: Getty Images; Adobe Stock]
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Last Friday, Reuters’ Echo Wang, Milana Vinn, and Dawn Chmielewski reported that Roku, the maker of the dominant streaming platform for TVs, was exploring its strategic options, including selling itself. That exploration didn’t take long. On Monday, news broke that Fox Corp. would acquire the company for $22 billion, a transaction expected to close in the first half of next year.
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