Fox to buy Roku streaming firm in $22bn deal

The move is seen as a bet that combining streaming with its news and sport offering will boost Fox as TV audiences move online.

Fox Corporation has announced a definitive agreement to acquire Roku in a cash-and-stock deal valued at approximately $22 billion, equating to $160 per share. This strategic acquisition aims to merge Roku’s free ad-supported channel with Fox’s Tubi, creating a leading free streaming platform. Fox CEO Lachlan Murdoch emphasized that the deal supports Fox’s focus on live TV and ad-supported streaming. Post-transaction, Fox shareholders will hold about 73% of the merged entity, with Roku shareholders owning the remaining 27%. The acquisition offers Roku a significant opportunity in the increasingly competitive streaming market. The deal is pending regulatory approval and is expected to close in the first half of 2027.

Fox Corp. has agreed to buy the streaming pioneer Roku in a cash-and-stock deal valued at approximately $22 billion, including debt. Roku will continue to be run as an open ... . The deal will give Fox access to ... .

Fox Corp. is buying streaming platform Roku in a cash-and-stock ... (around €19.1bn). The deal announced on Monday will give Fox access to the Roku channel, first-party data and more than 100 million global streaming households. Fox, a media giant that includes sports, news and entertainment content, as well as Tubi ... will pay $96 in cash ... . Existing Fox shareholders are expected to own ... The deal is expected to close in ... by Fox and Roku shareholders, as well as regulatory approvals.

Fox Corp. agreed to acquire Roku Inc. in a deal valued at about $22 billion including debt, creating a new television juggernaut and marking a big push into ad-supported streaming. The deal will blend Fox’s sports, news and entertainment channels, including the free, ad-supported Tubi, with Roku’s streaming platform of more than 100 million subscribers, the companies said in a statement Monday.

Fox confirmed Monday that it is acquiring streaming company Roku in a stock and cash deal valued at around $22 billion, one of the largest media acquisitions in years and a clear sign of where the TV industry is placing its bets. Fox says the combined company will become the ... television business in the United States by viewership. The deal merges Fox’s news and sports channels and its free ad-supported streaming service Tubi, with Roku’s connected TV platform — the software that powers many of the smart TVs and streaming devices people already have in their living rooms. Together, Fox says, the combined company will have reach across both traditional TV and streaming — a combination increasingly seen as essential as audiences split their time between live broadcasts and on-demand platforms. The deal gives Fox direct access to Roku’s audience of 100 million households, which Fox says will help the company target ads more effectively and rely less on traditional delivery. Fox also says the acquisition gives it a stronger foothold in connected TV — the fast-growing market for streaming ads and subscriptions, often referred to in the industry as “CTV.” Fox CEO Lachlan Murdoch called the acquisition a “defining” moment for the company. “This combination will transform the scope of our company into high-growth verticals and yield a step change in our overall growth profile,” Lachlan said in a press release. “Roku pioneered streaming TV and scaled it into a leading CTV platform. Together, we intend to lead its next chapter.” The move continues a wave of consolidation in media as traditional broadcasters race to build scale in streaming. Fox acquired Tubi for $440 million in 2020 at the height of competition across the live streaming industry. Last year, the company launched Fox One, its direct-to-consumer streaming service. “I’m incredibly proud of what our team has built, and the combination with Fox is an extraordinary opportunity to accelerate ... , and innovate more aggressively for viewers ... , and advertisers,” said Roku founder and CEO Anthony Wood. The deal has been approved by the boards of directors of both companies and is expected to close in the ... 2027. Fox says it obtained a $12 billion loan for the acquisition.