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Fox Acquires Roku for $22 Billion to Boost Streaming Competitiveness

KVIA••CNN Newsource
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Fox has announced its acquisition of Roku in a significant $22 billion deal, aimed at enhancing its position in the competitive streaming market. This merger combines Fox's extensive content portfolio, including sports and news, with Roku's popular streaming platform that reaches 100 million users. The acquisition, priced at $160 per share, represents a 20% premium over Roku's recent closing price. Fox CEO Lachlan Murdoch highlighted this as a pivotal moment for the company, while Roku's founder will continue to play a key role post-acquisition. The deal is expected to finalize in the first half of 2027, with anticipated savings of $400 million.

Key Details: • Fox will pay $160 per share for Roku, a 20% premium. • The acquisition is expected to close in the first half of 2027. • Combined, Fox and Roku will control over 5% of the US television viewing share. • Roku's founder, Anthony Wood, will join Fox's board of directors.

media streaming acquisition fox roku

People & Organizations

FoxLachlan MurdochRokuAnthony Wood

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