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Fox Just Made a $22 Billion Bet on the Future of TV
Fox’s plan to buy Roku for $22 billion is one of the biggest media tech deals of the year and a major bet on the future of television advertising. The offer values Roku at about $160 per share, combining cash and Fox Class A shares, and represents a significant premium to Roku’s previous market price. The logic is scale. Roku gives Fox a powerful connected TV platform at a time when traditional TV audiences are fragmenting, and advertisers are moving budgets toward streaming.
Jun 151 min read


Bezos' Prometheus Raises $12B at $41B Valuation to Build an 'Artificial General Engineer'
Prometheus, the industrial AI startup co-led by Amazon founder Jeff Bezos, announced this week that it has raised $12 billion in a new funding round at a valuation of $41 billion, bringing its total funding to more than $18 billion in just over a year. Investors in the round include JPMorgan Chase, Goldman Sachs, BlackRock, DST Global, and Arch Venture Partners, alongside Bezos himself, who was also the largest backer of the company's initial $6.2 billion raise when it launch
Jun 132 min read
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