Businessman and media heir; executive chairman of Nova Entertainment, chairman of News Corp, CEO/exec chairman of Fox Corporation
Fox Corp. has agreed to acquire Roku for about $22 billion in a cash-and-stock deal valuing Roku at $160 per share. The boards of both companies have approved the transaction; the combined company will pair Fox's live news and sports and Tubi with Roku's OS, devices and The Roku Channel, and is expected to close in the first half of 2027.