Fox to Acquire Roku for $22 Billion at $160 Per Share
ROKU•Fox will acquire Roku in a $22 billion cash-and-stock deal at $160 per share, valuing Roku at a roughly 20% premium to its pre-announcement closing price. The combined company, reaching about 100 million households, forecasts $400 million in annual cost savings and aims to complete the deal in early 2027.
1. Deal Terms
Fox Corp will acquire Roku in a $22 billion cash-and-stock transaction at $160 per share, representing a roughly 20% premium to the stock’s closing price prior to the announcement. The deal is expected to close in the first half of 2027.
2. Strategic Rationale
The combined company will become the third-largest U.S. television player by share of viewing, uniting Fox’s live programming—such as news and major sports events—with Roku’s streaming platform that serves about 100 million households.
3. Financial Impact
Executives forecast $400 million in annual cost synergies from integrated operations, and Roku founder Anthony Wood will join Fox’s board to oversee streaming strategy and platform expansion.
