The deal gives Fox, which is currently reliant on cable-TV connection, access to the more than 100m households using Roku's streaming platform.

Fox announced Monday that it is acquiring Roku, the popular streaming TV platform, in a massive $22 billion deal.

It’s a deal that will plunge Fox deeper into the streaming wars as a significant player in free, ad-supported streaming at a time when major streamers such as Netflix, Disney+ and Hulu are offering ad...