Fox Acquires Roku for $23 Billion in Strategic Streaming Platform Pivot
By
Danielle Liverance
Summary
Fox is acquiring Roku for $160 per share in a $96 cash plus stock deal valued at approximately $23 billion, with Fox shareholders owning 73% of the combined company. Analyst Rich Greenfield of LightShed Partners describes this as a strategic pivot where Fox skips the streaming arms race and instead buys the platform (Roku) that distributes streaming content. The deal is expected to close in the first half of 2027.
Source
bskyFox Acquires Roku for $23 Billion in Strategic Streaming Platform Pivot247wallst.comKey quotes
· 3 pulledRich Greenfield of LightShed Partners just framed the most consequential strategic pivot in legacy media in a decade.
Fox is doing something none of its peers had the nerve to attempt: skipping the streaming arms race entirely and buying the toll booth instead.
Fox is acquiring Roku (NASDAQ:ROKU) at $160 per share, in a $96 cash plus 0.9693 Fox Class A share structure, with Fox shareholders owning 73% of the combined company.
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