AcquisitionsJun 15, 2026, 07:16 AM
Fox Corp to Acquire Roku for $22 Billion
AI Summary
Fox Corporation announced a definitive agreement to acquire Roku, Inc. for approximately $22 billion ($160 per share in cash and stock). This strategic move aims to create a scaled media and technology platform by combining Fox's live content with Roku's leading streaming platform, reaching over 100 million households. The combined entity is expected to become a major player in U.S. television and streaming. The transaction is anticipated to close in the first half of 2027, pending regulatory and shareholder approvals.
Key Highlights
- Fox Corp to acquire Roku for $160 per share in cash and stock, valuing Roku at approximately $22 billion.
- The transaction combines Fox's content with Roku's streaming platform, reaching over 100 million households.
- The combined company will be the third-largest player in U.S. television by share of viewing.
- Fox expects to fund the cash portion with new debt and cash on hand, with committed bridge financing of $12 billion.
- Anthony Wood, Roku's CEO, will join Fox's Board of Directors post-transaction.
- The transaction is expected to close in the first half of calendar year 2027, subject to regulatory and shareholder approvals.
Price Impact
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