Fox Will Acquire Free, Ad-Supported Streaming Service Tubi, Sells Roku Stake

$440 million deal will bolster the company's OTT assets | Tubi will continue operating as a standalone service following the Fox acquisition. Fox, Tubi Share | Share Fox Corp. has agreed to acquire the free, advertiser-supported streaming service Tubi for about $440 million in cash, the companies said Tuesday. The deal will give Fox, which owns the Fox broadcast and sports networks along with Fox News and its affiliated properties, a leg up in the ad-supported video-on-demand space, which could serve as a possible growth engine for the broadcaster as audiences move away from linear television. “Tubi will immediately expand our direct-to-consumer audience and...