Fox Corporation to Acquire Roku for $22 Billion
Fox Corporation announced it has entered into a definitive agreement to acquire Roku, Inc. for approximately $22 billion in enterprise value. The deal, structured as a combination of cash and Fox Class A common stock, will see Roku shareholders receive $96.00 in cash and 0.9693 shares of Fox Class A common stock per Roku share. The acquisition aims to create a scaled media and technology platform by uniting Fox's content with Roku's leading streaming platform, reaching over 100 million households. Roku's stock will be delisted from Nasdaq upon completion. The transaction is subject to customary closing conditions, including shareholder and regulatory approvals, and is expected to close in the first half of 2027.
Key Highlights
- Fox Corporation to acquire Roku, Inc. for approximately $22 billion in enterprise value.
- The transaction will be a combination of cash and Fox Class A common stock.
- Roku shareholders will receive $96.00 in cash and 0.9693 shares of Fox Class A common stock per Roku share.
- The combined company is expected to be the third-largest player in U.S. television by share of viewing.
- Roku's Class A Common Stock will be delisted from The Nasdaq Global Select Market upon closing.
- Anthony Wood, Roku's CEO, will join the Fox Board of Directors.
- The transaction is expected to close in the first half of calendar year 2027.
Price Impact
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