PRESS DIGEST- New York Times business news

PRESS DIGEST- New York Times business news - June 16

Roku, Inc. Class A

ROKU

0.00

Fox Corporation Class A

FOXA

0.00

June 16 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- Fox Corp FOXA.O is buying Roku ROKU.O in a cash-and-stock deal valued at about $22 billion, marking a significant bet for the broadcaster that the streaming platform will strengthen its advertising business and expand online reach for its sports and news content.

- The preliminary deal to end the war between the United States and Iran seeks to quickly reopen the Strait of Hormuz, but companies said on Monday that they need more details before navigating the waterway.

- Though U.S. President Trump declared on Sunday that the Strait of Hormuz would reopen and be “permanently toll-free,” Iran indicated on Monday that it intended to charge fees for unspecified services in the strait.

- President Trump arrived in France on Monday for the annual Group of 7 summit, as his positions on trade, the war in Ukraine and NATO strain ties with European allies.

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