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Fox Corp Strikes $22bn Acquisition Deal for Roku, Betting Big on Streaming Future and Advertising Power

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Fox Corp announced on Monday that it is acquiring Roku, the leading U.S. streaming platform, in a cash-and-stock transaction valued at approximately $22 billion.

The move is seen as a bold bet by the traditional media company to accelerate its shift toward streaming, strengthen its advertising business, and gain greater control over how audiences discover and consume its live sports and news content.

Under the terms of the deal, Roku shareholders will receive $96 in cash and approximately 0.97 Fox Class A shares for each Roku share held, valuing the offer at $160 per share. That represents a 33.7% premium to Roku’s closing price on Thursday, the day before reports emerged that the company was exploring a sale. Fox shareholders are expected to own roughly 73% of the combined company after closing, with Roku investors holding the remainder.

The boards of both companies unanimously approved the transaction, which is anticipated to close in the first half of 2027 and generate about $400 million in annual cost savings. The deal includes roughly $14.6 billion in cash, with the balance paid in stock, and will add approximately $8.3 billion in debt to Fox’s balance sheet.

Fox CEO and Chairman Lachlan Murdoch called the acquisition a “defining moment” for the company.

“This brings together the most valuable live content portfolio in video consumption with the preeminent streaming platform through which America watches it,” he said.

The deal gives Fox access to Roku’s platform, which reaches more than 100 million households in the U.S. Roku has been a pioneer in making streaming accessible through connected devices and smart TVs. Its purpose-built operating system keeps hardware costs low, providing an edge even as memory prices have risen. Roku also operates the free, ad-supported Roku Channel, which will remain separate from Fox’s Tubi platform.

For Fox, traditionally reliant on cable and satellite distribution, acquiring Roku represents a major step toward controlling its own destiny in a cord-cutting era. The combination enhances Fox’s ability to target ads more precisely, leverage viewer data, and compete with larger streaming rivals. It also positions the merged entity as the third-largest player in U.S. television by viewership.

“This gives Fox greater control over discovery, data and monetization at a time when TV viewing continues to shift away from traditional channels. Bringing together premium content, live sports, advertising and platform distribution under one roof creates a compelling proposition,” Analyst Paolo Pescatore of PP Foresight said.

Fox has seen strong demand for its live sports portfolio, which includes NFL games, MLB, and the ongoing FIFA World Cup. Roku’s platform could help amplify that content’s reach while improving monetization through targeted advertising.

Fox shares fell nearly 17% in early trading, likely reflecting concerns about stock dilution and the debt load. Roku shares ticked down 2.5% to $140.10, trading below the offer price, as investors weighed the premium against execution risks.

The deal comes as Fox’s first major acquisition since Lachlan Murdoch solidified control following last year’s family settlement. It also arrives amid industry consolidation. Last week, the U.S. Justice Department cleared Paramount Skydance’s planned $110 billion acquisition of Warner Bros. Discovery, creating a media giant with major studios and networks.

Roku’s business is driven largely by advertising and subscription revenue from streaming apps on its platform. CEO and founder Anthony Wood noted that the company’s operating system helps maintain low hardware costs, an advantage in a market where component prices have been rising.

While the logic is clear, analysts have pointed out potential integration hurdles. Combining a traditional media company with a streaming platform requires careful navigation of different cultures, technologies, and revenue models. Regulatory approval will also be a factor, though the deal’s focus on distribution rather than content ownership may ease some antitrust concerns.

Fox will need to balance Roku’s free, ad-supported model with its own premium content strategy. Analysts believe that it is important because maintaining Roku Channel as a separate entity could help preserve its appeal to cord-cutters while allowing Tubi to focus on Fox’s strengths in live sports and news.

Overall, the transaction underscores the accelerating shift toward streaming dominance in the broader media industry. Companies with strong linear TV roots are increasingly investing in direct-to-consumer platforms and distribution control to remain relevant. The deal is expected to intensify competition in the advertising market, where Roku’s data and targeting capabilities complement Fox’s content library.

Blockworks–Messari Deal and The Rise of Crypto Information Monopolies

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The acquisition of Messari by Blockworks signals a strategic consolidation in crypto information infrastructure, where data providers are increasingly evolving into interpretive platforms rather than simple aggregators.

Messari has long positioned itself as a research and analytics hub for digital assets, while Blockworks has focused on translating complex onchain activity into actionable narratives for institutional and retail audiences. The combination therefore represents not just a corporate transaction but a structural bet on the rising importance of the “interpretation layer” in crypto markets.

The firms aim to build what they describe as a single system of record for all onchain assets, a concept that mirrors traditional financial infrastructure but extends it into blockchain-native environments. In such a system, raw blockchain data is not merely stored but contextualized, standardized, and transformed into decision-grade intelligence.

This shift is increasingly necessary as the volume and complexity of onchain activity grows, spanning decentralized finance, tokenized real-world assets, and emerging blockchain applications.

Without robust interpretation systems, market participants risk drowning in fragmented and inconsistent data feeds. The economics of this model become clearer when viewed through the lens of traditional financial exchanges, particularly Nasdaq which has increasingly shifted its revenue base away from pure trading activity toward data, analytics, and market intelligence services.

In 2025, Nasdaq reportedly generated nearly four times more revenue from data products and related services than from transaction fees, illustrating a broader structural transformation across capital markets infrastructure. This pivot underscores how informational advantage has become a primary monetizable asset in modern financial ecosystems, where participants pay for speed, clarity, and analytical depth rather than mere execution capability.

For Blockworks and Messari this convergence suggests that the next frontier of crypto infrastructure is not solely about faster block production or cheaper transactions but about making sense of the data those systems produce at scale. As institutional participation in digital assets deepens, demand rises for unified datasets that can reconcile onchain transparency with real-world financial interpretation.

If successful, a single system of record could function as a foundational layer for pricing, risk management, compliance, and investment decision-making across the crypto economy. More broadly, it reflects a maturation of the sector from fragmented tooling toward integrated intelligence platforms that resemble the data-heavy architecture of traditional finance but with greater transparency and programmability.

The value proposition lies in reducing informational asymmetry across markets that operate 24 seven and are increasingly cross chain in nature By consolidating research data engineering and media interpretation under one umbrella Blockworks and Messari aim to compress the gap between raw blockchain events and actionable insight.

This positions them not only as information providers but as essential infrastructure for capital allocation in a rapidly evolving digital economy where interpretation itself becomes a core economic function rather than a peripheral service.

The emergence of such platforms also signals a shift in investor expectations from passive consumption of data to structured interpretation that directly informs strategy execution and portfolio construction. As blockchain ecosystems expand into real world finance tokenization and programmable assets the need for coherent narrative and reliable analytics becomes not optional but essential.

Meanwhile the competitive landscape is likely to favor entities that can integrate data collection analysis and distribution into a single coherent workflow rather than fragmented service layers that struggle to deliver context at scale efficiency gains.

How Marketing Teams Execute Campaigns Across Multiple Channels 

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At the current point in time, marketing teams should coordinate their activities across various channels in order to increase conversions and customer engagement. The reason is that consumers come into contact with companies through multiple platforms – social networks, websites, emails, mobile applications, search engines, etc. Consequently, marketing teams should coordinate their campaigns using these channels to deliver a seamless customer experience.

Campaign orchestration implies the coordination of marketing activities across different channels. This practice requires marketing teams to plan carefully, synchronize their messaging, personalize their actions, and analyze all available data. In such a way, businesses can use multi-channel marketing to increase their success rates, boost conversion, and improve customer loyalty.

In order to engage with customers, marketing teams need to ensure seamless interactions between all channels. Customers may learn about products via one channel and buy goods via other platforms. For instance, a client may see an advertisement on Instagram, go to a company’s website, get an email invitation, and make a purchase after attending a webinar. Therefore, marketing teams should create a consistent campaign using several channels.

Importance of multichannel marketing campaigns

Improved Customer Engagement

Currently, there is no single platform that consumers prefer the most. While some people spend most of their time on social media channels, others enjoy newsletters via email or watch videos on YouTube. With the help of multichannel marketing, a company can reach its audience on any channel.

Research proves that multichannel marketing campaigns lead to improved engagement, compared to the usage of just one channel by a business. For instance, a person may discover a product via social media, conduct further research on the company’s blog, and make a purchase based on an email offer received from the company. Consequently, multichannel marketing helps improve customer engagement.

Improved Customer Experience

Another benefit of multi-channel marketing is related to the customer journey. When a customer sees consistent messages on various channels, he/she feels confident in making a purchase because everything flows smoothly. In addition, it helps eliminate the possibility of losing customers due to a lack of knowledge on how to proceed to the next step. Finally, marketing teams can provide additional content according to the needs of customers at various stages of the funnel.

Improved Reach and Visibility

There is a different audience for every channel of communication. For instance, some channels are popular with particular demographic groups of clients, while others have an engaged audience or capture intent-driven searches. By applying marketing strategies using multiple channels, a business can improve its visibility across a larger audience and prevent itself from being dependent on any single platform. Thus, marketing teams can promote their goods in a more efficient manner.

Strategies used for multi-channel campaign execution

Before developing a campaign, it is crucial to segment the audience, choose appropriate channels, and map out content for different parts of the customer journey.

Audience Segmentation

Audience segmentation helps marketing teams create effective campaigns. As a rule, marketing specialists develop detailed personas based on the following factors:

  • Age
  • Gender
  • Occupations
  • Hobbies
  • Preferences
  • Buying habits
  • Demographics
  • Psychographics

With the help of customer segmentation, marketers can tailor their campaigns to particular groups of people. For instance, a new customer may require some educational material about a company, while a returning visitor may need special bonuses and discounts. Therefore, a segmented audience helps create more efficient marketing campaigns.

Channel Selection

Some channels do not work properly when used for marketing purposes because of differences between the target audience. Therefore, marketing teams should determine which platforms are most effective for reaching their goals. For example, some younger users prefer to spend time on TikTok and Instagram, while business clients usually look for products via LinkedIn, attend webinars, and read emails.

In general, it is crucial to concentrate on several channels rather than trying to utilize many of them. In such a way, a business can concentrate its resources on creating highly effective marketing campaigns and improving overall campaign management. For instance, marketing teams may use social media networks to generate leads and email marketing campaigns to nurture them.

Content Mapping

Based on the stage of the customer journey, certain content formats should be chosen. Below, there is information about possible approaches to content creation on various channels.

Awareness Stage

At this stage, the aim of marketing teams is to increase awareness among customers. Therefore, such content as blog posts, videos, infographics, and podcasts is preferable. In such a way, a business can provide its customers with the necessary information.

Consideration Stage

At this stage, people become more interested in a brand and the products offered by a business. Hence, at this stage, it is crucial to provide additional materials that will persuade a person to buy the product. These may include eBooks, webinars, case studies, comparison guides, email sequences, etc. This type of content will increase customer interest in purchasing.

Building a multi-channel campaign that converts

In order to convert customers at various stages of the funnel, marketing teams should synchronize their actions and implement specific marketing strategies.

Awareness Stage

At the awareness stage, the aim of marketing teams is to capture clients’ attention by providing them with interesting materials. For instance, software developers may publish a blog post about the problems that their product can solve and share it on several platforms, such as paid social media advertising, LinkedIn profiles, Instagram, and TikTok videos, or even SEO.

In such a way, a business captures clients’ attention but does not bother them with promotional material.

Consideration Stage

After customers engage with content created by a brand, marketers start nurturing them with deeper materials. For instance, people who download eBooks may be provided with follow-up emails, retargeting advertisements, invitations to webinars, and personalized recommendations. Retargeting is used in order to ensure that a client remembers the existence of a product.

Conversion Stage

At the conversion stage, marketers should make customers’ actions as easy as possible. To increase conversion rates, marketers may apply such approaches as live demos, personalized consultations, limited-time offers, SMS notifications, and countdown timers. For instance, after attending a webinar, a person may receive follow-up emails with personalized offers and booking links for products.

Loyalty and Advocacy Stage

Finally, after buying the product, a client enters the final stage. In order to increase loyalty, companies may implement an onboarding flow including educational emails, tutorials, and in-app support. Afterward, they should invite customers to leave feedback on their purchases, write testimonials,alss and post pictures via social media accounts.

As a result, satisfied clients will become brand advocates and refer others to a business. Thus, companies can leverage the power of positive word-of-mouth communications.

Conclusion

In conclusion, successful marketing campaigns that use various channels can be implemented through strategic thinking, personalization, technological tools, and analytical methods. Multi-channel marketing campaigns help businesses promote their brands across different channels while providing their customers with smooth and enjoyable interactions at each stage of their journeys. By implementing various strategies described above, marketing teams can create successful multichannel campaigns.

Tekedia Capital Invests in Sellraze, a Pioneering Ecommerce platform

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It is emerging as one of the most efficient ways to sell secondhand items online, with thousands of new listings added daily. SellRaze does one thing exceptionally well: it helps you sell your stuff using AI from just a picture. Simply take a photo, upload it to SellRaze, and the platform handles the rest.

The growth is understandable. SellRaze transforms a simple photo into a live marketplace listing within seconds, removing the tedious steps of writing descriptions, selecting categories, and setting up products manually. What once took minutes, or even hours, can now happen almost instantly.

Why did Tekedia Capital invest? We believe there is enormous value in simplifying the circular economy, especially in a world where Americans discard billions of dollars’ worth of usable items every year. Frictions in markets create waste, and entrepreneurs create value by removing those frictions.

If SellRaze can make selling as easy as taking a picture and uploading it, and then have digital dollars flow into your bank account, it is not merely building a marketplace. It is building infrastructure for a more efficient economy. We like that mission, and that is why Tekedia Capital backed the company. Welcome Jeff and Tyler!

5 Business Transaction Mistakes That Cost Entrepreneurs More Than They Realise

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Most entrepreneurs pour energy into the visible parts of building a business: the product, the pitch, the pipeline. What gets less attention is the infrastructure underneath, specifically how money actually moves through the operation. Transaction habits tend to form early and go unexamined for too long, and by the time the cracks show, they’ve already done quiet damage to cash flow, records, and in some cases, investor confidence.

The good news is that these mistakes are entirely fixable, and addressing them early is one of the highest-return operational moves a business can make.

1. Mixing Personal and Business Finances

This is the most common mistake, and also the one with the longest tail of consequences. When personal and business transactions run through the same account, the immediate problem is messy records; the deeper problem is what that messiness signals and causes downstream.

For entrepreneurs seeking investment or preparing for an audit, commingled finances raise immediate red flags. It becomes difficult to demonstrate the true financial health of the business, separate personal liability from business liability, or produce clean statements that a serious investor or lender will trust. Even at smaller scales, the lack of separation makes it nearly impossible to understand what the business is actually spending and earning on its own terms.

The fix is straightforward: open a dedicated business account and route all business income and expenses through it exclusively. It is a simple structural decision that pays compounding dividends in clarity and credibility as the business grows.

2. Relying on a Single Payment Method

A business that depends entirely on one payment method is one disruption away from a serious operational problem. Whether that means only accepting cash, relying solely on bank transfers, or running all spending through a single card, the fragility is the same: when that method fails, delays, or becomes unavailable, so does the business’s ability to transact.

This becomes especially costly for businesses working with international clients or suppliers, where payment method mismatches create friction, delays, and sometimes lost deals. Diversifying how a business sends and receives money is not complexity for its own sake; it is resilience. Having at least two or three reliable payment channels, covering digital transfers, card payments, and where relevant mobile money or international platforms, means the business stays functional even when one channel has issues.

3. Treating Payment Infrastructure as an Afterthought

Many business owners set up their payment tools reactively, grabbing whatever is convenient in the moment rather than choosing deliberately. The result is a patchwork of personal accounts, informal tools, and workarounds that create tracking gaps and expose the business to fraud risk.

Building proper payment infrastructure does not have to be complicated or expensive. For most small and growing businesses, the right starting point is to get a debit card online tied to a dedicated business account, one that offers real-time transaction visibility, integrates with accounting tools, and provides a clean record of every business expense. From there, adding invoicing software and a payment gateway for client-facing transactions rounds out a simple but solid foundation. Businesses that set this up intentionally, rather than by accident, spend less time reconstructing records and more time making decisions with accurate data.

4. Ignoring the Cumulative Cost of Transaction Fees

Transaction fees are easy to overlook precisely because they are small in isolation. A processing fee here, a foreign exchange margin there, an ATM withdrawal charge on a business purchase none of it feels significant in the moment. Across a month, a quarter, or a year of business activity, the total can be surprisingly significant.

The solution is not to avoid all fees, as some are simply the cost of doing business efficiently, but to audit them periodically and make conscious choices. Switching to a business account with lower forex margins, consolidating international payments to reduce conversion frequency, or choosing a card with no foreign transaction fees for supplier purchases are all moves that cost very little to implement and can meaningfully improve margins over time. The entrepreneurs who build financially healthy businesses tend to treat fees not as fixed costs but as variables worth optimising.

5. Treating Transactions as Events Rather Than Data

Every transaction a business makes or receives is a data point: what was spent, when, with whom, and for what purpose. Businesses that treat transactions purely as events to be processed and forgotten lose access to one of their most valuable operational assets.

Good transaction records do more than satisfy tax requirements. They reveal cash flow patterns, highlight spending inefficiencies, inform forecasts, and provide the foundation for sound financial planning. For entrepreneurs looking to scale or raise capital, clean and detailed transaction histories tell a story of operational discipline that builds confidence with external stakeholders. The practical fix here is to connect your business accounts and cards to an accounting tool from the start, categorise transactions consistently, and review records at regular intervals rather than scrambling to reconstruct them when they are needed.

 

Closing

Transaction discipline is not a finance function reserved for larger businesses. It is an early operational habit that compounds in value as a business grows. Getting the fundamentals right separated accounts, diversified payment methods, deliberate infrastructure, controlled fees, and consistent record-keeping, removes friction, reduces risk, and gives entrepreneurs a far clearer view of where their business actually stands. That clarity is itself a competitive advantage.

FAQs

Do I need a registered business to open a separate business account? In many cases, no. Sole traders and freelancers can open a dedicated account under their own name and use it exclusively for business transactions. The key is separation, not formal registration, though requirements vary by country and banking provider.

What should I look for when choosing a business debit card? Prioritise low or no monthly fees, real-time transaction notifications, easy integration with accounting software, and a virtual card option for online purchases. If you work with international suppliers or clients, check the foreign transaction fee policy before committing.

How often should I review my business transaction records? Weekly reviews are ideal for staying on top of cash flow; monthly reviews work well for spotting trends and catching any irregular charges. Quarterly audits of your fee structures and payment methods are also worth building into your routine.

Is it worth using accounting software if my business is still small? Yes, and the earlier the better. Free tiers of tools like Wave or entry-level plans of platforms like Xero or QuickBooks handle the needs of most small businesses and make the transition to more complex reporting seamless as you grow.

What is the biggest sign that a business’s transaction habits need fixing? If reconstructing last month’s expenses takes more than a few minutes, or if you cannot clearly separate what the business earned from what you personally earned in a given period, those are strong signals that the financial infrastructure needs attention sooner rather than later.