Fox Corporation Acquires Roku For $22 Billion Cash And Stock Transaction

Fox Corporation has entered into a definitive agreement to acquire Roku in a cash-and-stock transaction valued at $22 billion, representing a share price of approximately $160 for Roku. The deal is supported by about $12 billion in fully committed bridge financing and is anticipated to close in the first half of 2027, pending necessary approvals.

Summary of transaction details:

• Deal Type: Acquisition
• Transaction Amount: $22,000,000,000
• Company Headquarters: Los Angeles, California
• Key Executives: Lachlan Murdoch (Fox chairman and CEO), Anthony Wood (Roku founder and CEO)
• Notable Strategic Focus: Streaming and advertising technology expansion

Fox Corporation aims to enhance its portfolio by integrating Roku’s popular connected TV platform, which has a reach of over 100 million households, with its existing live sports, news, and Tubi streaming assets. After the transaction's completion, Anthony Wood is expected to join the Fox board while continuing in an operational capacity at Roku.