Fox announced it will acquire Roku at a premium of $22 billion to accelerate its transition to digital streaming media.

Caijing APP learned that Fox Corporation (FOXA.US) has reached a final agreement with Roku Inc. (ROKU.US), to acquire the leading streaming platform in a cash and stock deal. According to a statement released by both parties on Monday, the transaction values Roku at approximately $22 billion, with a purchase price of $160 per share, representing a 11.4% premium over Roku's closing price last Friday.