Fox acquires Roku for $22 billion
Analysis based on 6 articles · First reported Jun 15, 2026 · Last updated Jun 15, 2026
The acquisition of Roku, Inc. by Fox Corporation is expected to create a significant player in the streaming and advertising markets, potentially intensifying competition for advertising dollars and viewer attention. Fox Corporation's stock may see positive movement due to increased market share and anticipated synergies, while Roku, Inc.'s stock has already seen an uptick in premarket trading.
Fox Corporation has agreed to acquire streaming company Roku, Inc. in a cash-and-stock deal valued at approximately $22 billion, or $160 per share. This strategic move aims to combine Fox Corporation's live content portfolio, including news and sports, with Roku, Inc.'s extensive streaming platform, advertising business, and viewer data, which reaches 100 million households globally. The deal is expected to create a free streaming powerhouse by integrating Roku, Inc.'s free ad-supported channel with Tubi, Fox Corporation's existing service. Fox Corporation anticipates the acquisition to be accretive to free cash flow per share by the second full year after closing and generate roughly $400 million in cost synergies. Existing Fox Corporation shareholders will own approximately 73% of the combined company, with Roku, Inc. shareholders holding about 27%. The transaction, unanimously approved by both boards, is subject to regulatory approval and is expected to close in the first half of 2027. Roku, Inc. founder and CEO Anthony Wood will join Fox Corporation's board and maintain a role in the combined entity.
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