Fox buys Tubi for $440m

As previously rumoured, with broadcasters increasingly seeking to add streaming services to their offerings, Fox Corporation is to acquire AVoD service Tubi, for approximately $440 million (€400m) in net cash consideration at closing. The acquisition of Tubi underscores Fox’s long-term strategic initiatives to broaden and enhance its direct-to-consumer digital reach and engagement.

Source: Fox buys Tubi for $440m