Fox Corporation Seals the Deal: Acquires Roku in a Groundbreaking $22 Billion Streaming Transaction
Fox Corporation has officially declared its acquisition of the TV streaming platform, Roku, Inc. The cash-and-stock transaction is valued at approximately $22 billion, with Roku’s shares priced at $160.00 each. This historic announcement was made on Monday, June 15, 2026.
The merger brings together Fox’s robust lineup of live sports, news, and entertainment offerings — including Tubi, NFL, MLB, and Fox News Media — with Roku’s top-tier connected TV platform.
Roku’s Global Reach
With a reach extending to over 100 million streaming households globally and 145 billion hours of content engagement annually, Roku stands as the leading TV streaming platform in the U.S. in terms of hours streamed.
Transaction Details
As per the terms of the transaction, Roku shareholders will receive $96.00 in cash and 0.9693 shares of Fox Class A common stock per share. This represents a 34% premium to Roku’s unaffected share price as of June 11, 2026. Post-closing, the existing Fox shareholders are projected to own approximately 73% of the combined company, with the remaining 27% held by Roku shareholders.
A Defining Moment for Fox
Lachlan Murdoch, Fox Corporation Executive Chair and CEO, hailed the acquisition as a “defining moment for FOX.” The merger positions the combined company as the third-largest player in U.S. television in terms of share of viewing. The deal is set to close in the first half of 2027, subject to shareholder and regulatory approvals.
Source: Fox Business — Fox Corporation to acquire Roku for $22 billion