Fox to acquire Roku for $22 billion to create streaming and live content giant
Fox says the combined company will own about 73% of the new entity and expects $400 million in annual cost savings.
- 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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Roku develops a platform that combines hardware and services to bring streaming options to all types of TVs; the operation is valued at $22 billion
Fox buys Roku in a bet on ad-supported streaming
What happenedFox Corp. said Monday it was buying streaming and smart-TV company Roku for $22 billion, its first major acquisition since chief executive Lachlan Murdoch cemented control of his family’s media empire last year. The deal will give Fox, with its news and live sports content, a foothold in the more than 100 million households that use Roku’s platform. Who said whatThe cash-and-stock deal “would make the Murdoch media empire a formidab…
Also in Germany, the US manufacturer Roku is known for its streaming hardware. Now the company is to be sold to the Fox Corporation led by Lachlan Murdoch.
Fox Announces They're Buying Roku. Isn't That Swell?
Media giant Fox Corp. on Monday announced a deal to buy streaming and smart-TV company Roku for $22 billion in a cash-and-stock transaction. Via the Washington Post: It’s a deal that will plunge Fox deeper into the streaming wars as a major player in free, ad-supported streaming at a time when large streamers such as Netflix, Disney+ and Hulu have pivoted away from offering only subscription plans and have begun providing ad-supported subscripti…
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