Roku

It is Fox's first major acquisition since CEO and Chairman Lachlan Murdoch cemented control over the media empire his father Rupert Murdoch built, following a family settlement last year

In November 2022, the streaming company had announced it was laying off 200 US employees, or roughly 7 per cent of its workforce

The promise of growth that has attracted investors to the Los Gatos, California-based company also drove its stock to lofty valuations

Chinese manufacturer Hisense will market televisions with Roku TV in the United Kingdom from the fourth quarter, with other European markets to follow

In the quarter ended June 30, company posted a net loss of $15.5 mn, bigger than $14.1 mn loss in the year-ago quarter

The company listed an initial offering size of $100 million