Fox Corporation Seals $22 Billion Roku Acquisition in Historic Streaming Industry Merger
Fox Corporation has confirmed its acquisition of streaming behemoth Roku, Inc. in a monumental $22 billion cash-and-stock deal. The announcement, made on Monday, June 15, signifies one of the most significant media mergers in recent history. As per the agreement, Fox will pay $160.00 per share — a blend of cash and Fox Class A common stock — partially financed by a $12 billion loan.
This merger brings together Fox’s extensive portfolio of live sports, news, and entertainment — which includes Fox News, the NFL, MLB, FIFA World Cup broadcasts, and its free ad-supported streaming service Tubi — with Roku’s premier connected TV platform, The Roku Channel. It also incorporates Roku’s direct relationship with over 100 million global streaming households. The resulting entity is set to become the third-largest player in U.S. television based on viewing share.
Lachlan Murdoch, Fox CEO, hailed the acquisition as “a defining moment” for the company. Roku will maintain its operations as a standalone, partner-friendly platform. The deal is anticipated to be finalized in the first half of 2027, subject to shareholder and regulatory approvals. The acquisition could potentially more than double Fox’s annual connected TV advertising revenues.
Source: Fox Corporation Official Press Release