Fox Corp. Agrees to Acquire Roku in $22 Billion Streaming Deal
By
Todd Spangler
FeedBagel synthesis
· 5 sourcesFox Corp. has agreed to acquire Roku in a $22 billion cash-and-stock deal valued at $160 per share, as reported by Variety. The acquisition combines Fox's sports, news, and entertainment content with Roku's connected TV platform, which reaches over 100 million global streaming households, according to Deadline. Fox shares dropped 18% on the announcement day amid Wall Street skepticism about the deal's financial merits, Deadline noted. The transaction is expected to close in the first half of 2027, with Fox shareholders owning about 73% of the merged entity.
Crackles when you bite it. Shows the baker did the work.
Summary
Fox Corp. has announced plans to acquire Roku in a $22 billion deal ($160 per share, cash and stock), combining Fox's sports, news, entertainment content and Tubi service with Roku's connected TV platform. The deal is expected to close in the first half of 2027, marking a major expansion of Fox's streaming footprint.
Key quotes
· 4 pulledFox Corp. is making a dramatic move to expand its streaming footprint, unveiling with plans to buy Roku in a deal that values the streaming platform at $22 billion.
Fox announced Monday that it has agreed to acquire Roku for $160.00 per share in a combination of cash and Fox Class A common stock, valuing Roku at approximately $22 billion in enterprise value.
The companies expect the deal to close in the first half of calendar year 2027.
The deal would combines Fox's sports, news and entertainment content and the Tubi service with Roku's connected TV platform, the Roku Ch
You might also wanna read
Fox Corp. acquires Roku in $22 billion streaming deal
Fox Corp. has agreed to acquire streaming platform Roku in a cash-and-stock deal valued at approximately $22 billion. The acquisition gives
bit.ly·4h ago
Fox Corp Acquires Roku in $22 Billion Streaming Deal
Fox Corp has announced a definitive $22B deal to acquire Roku, the connected TV platform, at $160 per share through a mix of cash and Fox Cl
Deadline·5h ago
Fox Corp acquires Roku for $22 billion to expand streaming reach
Fox Corp is acquiring Roku in a cash-and-stock deal valued at approximately $22 billion ($160 per share), giving the cable TV company direct
cnb.cx·5h ago
Fox's $22 Billion Roku Acquisition Draws Executive Praise But Wall Street Skepticism
Fox Corp. has announced a $22 billion acquisition of Roku, which executives from both companies describe as a mutually beneficial deal in th
Deadline·1h ago
Roku Stock Surges 20% to 4-Year High on Reports of Acquisition Talks with Media Company
Roku's stock surged 20% to a four-year high of $143.66 following reports that the streaming company is in acquisition talks with an unnamed
Deadline·2d ago
Fox to acquire streaming company Roku for $22bn
ft.trib.al·4h ago