Fox Corporation Acquires Roku in a Groundbreaking $22 Billion Streaming Deal
Fox Corporation has officially declared its acquisition of the streaming device and platform behemoth, Roku, Inc. The deal, worth an estimated $22 billion, is a cash-and-stock transaction that marks a pivotal point for the future of American television. The agreement, which was announced on June 15, 2026, values Roku at $160.00 per share. This is a 34% premium over Roku’s unaffected share price as of June 11, 2026.
As per the deal, Fox will be paying $96.00 in cash and 0.9693 shares of Fox Class A common stock for each Roku share. This transaction brings together Fox’s robust live content portfolio — including the NFL, MLB, Fox News Media, and its free streaming service Tubi — with Roku’s leading connected TV platform. Roku’s platform reaches over 100 million streaming households globally and records 145 billion hours of engagement annually.
The merged company is projected to become the third-largest player in U.S. television by share of viewing. Fox Corporation CEO Lachlan Murdoch referred to the deal as “a defining moment for FOX,” while Roku CEO Anthony Wood saw the partnership as “the best way to accelerate our long-term strategy.” The deal is expected to close in the first half of 2027, subject to regulatory and shareholder approvals.
Source: Fox Business