Deal values Roku at $160 per share, combining Fox’s content with Roku’s 100 million global households to dominate US TV streaming.
Fox Corporation agreed to acquire Roku in a $22 billion cash-and-stock transaction, valuing Roku at $160 per share. The merger unites Fox’s live sports, news, and Tubi streaming service with Roku’s connected TV platform, which reaches over 100 million households worldwide.
The combined entity aims to become a leading player in the US television market, leveraging both broadcast and streaming assets. Fox expects the deal to enhance monetization while maintaining its investment-grade credit rating and capital return program.
Roku will remain an open platform, ensuring broad distribution for Fox’s content. The transaction reflects the accelerating shift toward streaming amid declining traditional TV viewership.