Fox to acquire Roku in $22 Billion deal

Fox Corp has agreed to acquire Roku in a cash-and-stock transaction valued at approximately $22 billion. The deal gives Roku shareholders $160 per share, consisting of $96 in cash and about 0.97 Fox Class A shares per Roku share.

Exploring strategic options

The acquisition represents a premium over Roku’s recent trading price and follows reports that Roku was exploring strategic options, including a potential sale. The transaction combines Fox’s media and sports content with Roku’s streaming platform, which reaches more than 100 million households.

Strengthening its advertising business 

Fox stated that the deal is aimed at strengthening its advertising business and expanding its digital distribution capabilities by leveraging Roku’s connected TV ecosystem. The combined company is expected to significantly increase Fox’s reach in streaming and connected television markets.

Roku’s CEO Anthony Wood will remain involved in the company and join Fox’s board. The deal is subject to regulatory approval and shareholder votes and is expected to close in 2027.

Source: https://www.reuters.com/business/media-telecom/fox-buy-roku-22-billion-deal-2026-06-15/