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Fox Acquires Roku for $22 Billion, Strengthening Streaming Presence

KVIA••CNN Newsource
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Fox has announced its acquisition of Roku, a leading streaming platform, for $22 billion. This strategic move aims to enhance Fox's competitiveness in the streaming market by integrating its sports, news, and entertainment content with Roku's extensive reach of 100 million users. The deal, which includes a purchase price of $160 per share, represents a 20% premium over Roku's previous closing price. With the anticipated closure of the transaction in the first half of 2027, Fox expects to achieve savings of $400 million. This acquisition positions Fox as the third-largest player in the U.S. television market by audience share, controlling over 5% of the market.

Key Details: • Fox will pay $160 per share for Roku, a 20% premium. • The deal is expected to close in the first half of 2027. • Fox anticipates $400 million in savings from the acquisition.

media streaming acquisition fox roku

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Warner Bros. DiscoveryCNNFoxLachlan MurdochRoku

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