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Fox to acquire Roku for $22 billion to create streaming and live content giant
The combined company would reach more than 100 million streaming households and is expected to generate about $400 million in run-rate cost synergies, FOX said.
- On Monday, Fox Corporation announced a definitive agreement to acquire Roku, Inc. for $160.00 per share in a cash-and-stock transaction, valuing the streaming platform at approximately $22 billion in enterprise value.
- The merger unites Fox's premium live sports and news portfolio with Roku's leading streaming platform, combining reach to more than 100 million global streaming households into a scaled media technology company.
- Existing Fox shareholders are expected to own approximately 73% of the combined entity, while Fox secured $12.0 billion in fully committed bridge financing from Morgan Stanley Senior Funding, Inc. to support the acquisition.
- Lachlan K. Murdoch, Executive Chair and Chief Executive Officer of Fox Corporation, said the deal transforms the company into high-growth verticals while achieving approximately $400 million of run-rate cost synergies.
- Anthony Wood, Founder, Chairman and Chief Executive Officer of Roku, called the combination an "extraordinary opportunity to accelerate our vision," with the transaction expected to close in the first half of 2027.
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Streaming Giant Roku to Join Fox in $22 Billion Acquisition
Fox Corporation is acquiring streaming platform Roku in a $22 billion deal, the companies said on June 15. The cash‑and‑stock deal, approved by the board of directors, gives Fox access to Roku’s global footprint. This includes Roku’s devices and services, which reach 100 million households worldwide and generate about 145 billion hours of engagement per year. Fox will buy Roku for $160 a share, representing a 20 percent premium from the June 12 …
·New York, United States
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The transaction, which is expected to take place in the first half of 2027, values the company to about US$22 billion.
·Montreal, Canada
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Coverage Details
Total News Sources141
Leaning Left32Leaning Right10Center64Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 30%
C 60%
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