Fox Set to Acquire Roku for Approximately $22 Billion
WHO:
CNN - Fox Corporation is acquiring Roku.
CNN - Fox CEO Lachlan Murdoch stated, "This is a defining moment for Fox."
CNN - Roku founder and CEO Anthony Wood will have an “ongoing role” at Roku and will join Fox’s board of directors.
WHAT:
NBC News - The deal includes Roku's streaming devices and customer data.
Techmeme - Fox's acquisition of Roku is structured as a cash-and-stock deal valued at $160 per share, which represents a premium over Roku's previous closing price.
Techmeme - Existing Fox shareholders are expected to own approximately 73% of the combined company, while Roku shareholders will own about 27%.
CNN - Fox's acquisition of Roku combines Fox’s sports, news, and entertainment shows with Roku’s devices and services that reach 100 million people.
CNN - According to Nielsen’s metrics, YouTube is the top-viewed entertainment platform, followed by Netflix.
CNN - Roku founder and CEO Anthony Wood stated that the acquisition is “not only a terrific outcome for our shareholders, but a way for Roku to move faster and smarter with the support and resources of a strong partner.”
CNN - Fox's acquisition of Roku is structured as a cash-and-stock deal valued at $160 per share, representing a roughly 20% premium over Roku's Thursday closing price.
CNN - Fox's stock experienced gains in premarket trading following news of the acquisition.
Techmeme - Fox's acquisition of Roku includes a $12 billion loan to finance the deal.
CNN - Fox has launched its Fox One streaming service, which is a competitor to other platforms, as part of its strategy to enhance its streaming presence.
CNN - The acquisition of Roku is described as a "natural extension" of Fox's strategy over the past decade, according to CEO Lachlan Murdoch.
CNN - Murdoch stated that Roku's platform will continue to carry competitor apps, emphasizing its commitment to being an "open and partner-friendly business."
CNN - Combining Fox and Roku creates the “third-largest player in US television by share of viewing,” controlling more than a 5% share.
CNN - The companies forecast $400 million in savings from the acquisition.
CNN - Fox is acquiring Roku for approximately $22 billion.
CBS News US - The acquisition is structured as a cash-and-stock deal valued at $160 per share.
Techmeme - Existing Fox shareholders are expected to own approximately 73% of the combined company, while Roku shareholders will own about 27%.
NBC News - The deal includes Roku's streaming devices and customer data.
Deadline - The acquisition will significantly boost Fox's streaming capabilities.
WHERE:
Techmeme - The deal gives Fox access to over 100 million streaming households.
WHEN:
CBS News US - The deal is expected to be completed in the first half of 2027.
CNN - The acquisition is anticipated to close in the first half of 2027.
WHY:
CNN - The urgency of the acquisition increased following Warner Bros. Discovery receiving initial US regulatory approval to combine with Paramount, highlighting the competitive landscape in the streaming market.
CNN - The acquisition is seen as a strategic move for Fox to enhance its competitiveness in the streaming market, which is dominated by platforms like YouTube and Netflix.
CNN - The urgency of the acquisition increased following Warner Bros. Discovery receiving initial US regulatory approval to combine with Paramount.
HOW:
CNN - The acquisition will be structured as a combination of cash and Fox Class A stock, with Roku valued at $160 per share.
Techmeme - Fox's acquisition of Roku includes a cash-and-stock deal valued at $160 per share, which represents a premium over Roku's previous closing price.
CNN - Fox's acquisition of Roku includes a cash-and-stock deal valued at $160 per share, representing a roughly 20% premium over Roku's Thursday closing price.
Techmeme - Fox obtained a $12 billion loan to finance the acquisition of Roku.
(UPDATED June 16, 2026 01:48 UTC)
Fox has announced a cash-and-stock deal to acquire Roku, valued at $160 per share, which is a premium over Roku's previous closing price. Under the terms of the agreement, existing Fox shareholders are expected to hold around 73% of the new combined company, while Roku shareholders will own about 27%. This deal includes Roku's streaming devices and customer data, marking a significant move in the streaming industry.
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(UPDATED June 15, 2026 23:29 UTC)
Fox has officially acquired Roku, merging its sports, news, and entertainment content with Roku's devices and services, which reach an impressive 100 million users. The deal, valued at $160 per share, will be a mix of cash and Fox Class A stock, and Roku's founder and CEO, Anthony Wood, expressed that this partnership will help the company advance more quickly and effectively. In related news, Nielsen reports that YouTube remains the most viewed entertainment platform, followed closely by Netflix.
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(UPDATED June 15, 2026 21:49 UTC)
Fox has announced its acquisition of Roku in a cash-and-stock deal valued at $160 per share, which is about a 20% premium over Roku's last closing price. Following the news, Fox's stock saw gains in premarket trading, and the acquisition will be financed with a $12 billion loan. This move comes as the competitive landscape in the streaming market intensifies, especially after Warner Bros. Discovery received initial US regulatory approval to merge with Paramount.
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(UPDATED June 15, 2026 20:07 UTC)
Fox has officially launched its Fox One streaming service, marking a significant step in its strategy to enhance its streaming presence. As part of this initiative, Fox has acquired Roku in a cash-and-stock deal valued at $160 per share, which is a premium over Roku's previous closing price, according to CEO Lachlan Murdoch. Murdoch also emphasized that Roku's platform will continue to support competitor apps, highlighting Fox's commitment to being an open and partner-friendly business.
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(UPDATED June 15, 2026 18:27 UTC)
Fox has officially acquired Roku in a cash-and-stock deal valued at $160 per share, which reflects a roughly 20% premium over Roku's most recent closing price. This merger creates the third-largest player in U.S. television by viewing share, now controlling more than 5% of the market. The companies anticipate that this acquisition will lead to approximately $400 million in savings.
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(UPDATED June 15, 2026 14:59 UTC)
Fox Corporation is set to acquire Roku for approximately $22 billion in a cash-and-stock deal valued at $160 per share. Fox CEO Lachlan Murdoch described this as a defining moment for the company, which will gain access to over 100 million streaming households and significantly boost its streaming capabilities. Roku's founder and CEO, Anthony Wood, will continue to play a role at Roku and will also join Fox’s board of directors. Existing Fox shareholders are expected to own about 73% of the combined company, while Roku shareholders will hold around 27%. The acquisition is anticipated to close in the first half of 2027, following a $12 billion loan secured by Fox to finance the deal.