Fox Corporation has reached a definitive agreement to acquire streaming platform Roku in a cash-and-stock transaction valued at approximately $22 billion.
Key points
- The deal, expected to close in the first half of 2027, values Roku at $160 per share.
- Fox shareholders will own approximately 73% of the combined entity, with Roku shareholders holding the remaining 27%.
- The acquisition aims to combine Fox's live news and sports content with Roku's installed base of over 100 million households.
- Roku CEO Anthony Wood will join the Fox board of directors following the completion of the transaction.
Why it matters
The merger represents a significant consolidation in the U.S. media landscape, as traditional broadcasters seek to scale their streaming capabilities and advertising reach in an increasingly digital-first market.
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