Fox to Buy Roku in $22 Billion Streaming Bet

Fox Corp agreed to acquire Roku for about $22 billion, paying $160 per share in cash and Fox Class A stock. Upon closing, Fox shareholders would own about 73% of the merged company and Roku holders about 27%, creating a scaled media/tech group anchored by live sports, news, Tubi and the Roku platform with roughly $400 million in run-rate cost synergies and a closing targeted for the first half of 2027. Roku will remain an open platform, and Roku founder Anthony Wood will join Fox's board as the deal integrates Fox’s sports and news assets with Roku's streaming technology.