Streaming hardware meets media platform
Fox has signed a cash-and-stock agreement to acquire Roku, valuing the company at about $22 billion. The deal will grant Fox access to Roku’s platform and data, while Roku shareholders will own a minority stake in the combined company. Regulatory approval and shareholder votes are still required, with closing expected in early 2027.
Fox Corp has agreed to acquire Roku in a cash-and-stock deal valuing the streaming platform at about $22 billion, or $160 per share. The boards have approved the transaction, which will combine Fox’s live news and sports assets and Tubi with Roku’s 100m-household connected-TV platform; closing is expected in H1 2027.