Fox Corporation announced it will acquire Roku for approximately $22 billion, paying $160 per share. The acquisition is subject to regulatory approval.
The deal will create the third-largest player in the U.S. TV market based on viewer share, according to both companies. Fox aims to enhance its portfolio by combining its live content with Roku’s streaming platform.
Fox CEO Lachlan Murdoch described the acquisition as a defining moment for the company and stated, “This is a natural extension of the deliberate and focused strategy we have been executing for nearly a decade.” He emphasized that the combination would transform Fox’s scope into high-growth verticals.
Roku will continue to operate as a partner-friendly platform. The Roku Channel serves over 100 million households globally, allowing Fox to reach broader audiences for live content and streaming services.
Fox will finance the acquisition through a mix of cash and Class A common stock. Roku CEO Anthony Wood expressed pride in the company’s accomplishments, stating, “I’m incredibly proud of what our team has built and the combination with Fox is an extraordinary opportunity to accelerate our vision, scale faster and innovate more aggressively for viewers, partners, and advertisers.”
The acquisition is intended to enhance Fox’s long-term growth profile across streaming and TV. Roku recently updated its homescreen, introducing features like increased personalization and a “top picks” section for the first time in a decade.
