Fox to Acquire Roku in $22B Deal
3 days ago
- #streaming
- #media
- #merger
- Fox Corp. acquires Roku for $160 per share in a cash and stock deal valued at $22 billion enterprise value.
- The merger combines Fox's sports, news, and entertainment content with Roku's streaming platform and 100 million households.
- Lachlan Murdoch calls it a 'defining moment', aiming to strengthen Fox's position in digital video and serve audiences better.
- Roku will remain an open platform post-acquisition, maintaining partnerships with rival streaming services.
- Fox will take on $8 billion in new debt, giving shareholders 73% ownership; cost synergies estimated at $400 million.
- The deal is expected to close in first half of 2027, enhancing scale, advertising revenue, and international expansion.