Fox to acquire streaming service Tubi for $440 million [MarketWatch]
Fox Corporation - Class B (FOX)
Last fox corporation - class b earnings: 5/10 04:03 pm
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Source: MarketWatch
Fox to acquire streaming service Tubi for $440 million Fox Corp. FOX, +2.59% FOXA, +4.71% says it will buy Tubi, an ad-supported free streaming service, for $440 million. Fox is selling its 5% stake in Roku Inc. to finance the transaction. Tubi features more than 20,000 titles and 56,000 hours of film and episodic television programming from more than 250 content partners. The deal comes amid a surge of activity in the ad-supported streaming space. Last year, Viacom (now ViacomCBS Inc. VIACA, -6.37% ) acquired free-streamer Pluto TV for $340 million in cash. Fox shares are down 1% in extended trading Tuesday.
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