Fox to buy streaming device maker Roku in $22 billion deal
Fox is acquiring streaming-device maker Roku in a $22 billion deal, priced at $175 a share — a 38% premium to Friday's close. The transaction gives Fox direct access to more than 90 million active Roku accounts and the company's advertising stack. The acquisition is one of the biggest US media M&A deals of the year and still needs regulatory approval.
Fox Corporation said on Monday it will acquire Roku for $175 a share in cash and stock, valuing the streaming-device maker at $22 billion — a 38% premium to Friday's close. Roku shares jumped 35% in premarket trading while Fox slipped 4%.
The deal hands Fox more than 90 million active Roku accounts, the company's smart-TV operating system and its automatic content recognition advertising stack. Fox CEO Lachlan Murdoch said the goal is "to bring ad dollars under one roof as viewing shifts online". Roku CEO Anthony Wood will stay on to run the streaming-platform unit.
The transaction is expected to close in the second half of 2027, pending US and EU antitrust review. JPMorgan and Allen & Company are advising the parties. This article is not investment advice.
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