Fox to Acquire Roku for $22B Valuation at $160 Per Share
FOXA•Fox Corporation will acquire Roku at $160 per share in cash and stock, valuing the streaming platform at about $22 billion of enterprise value. The pro forma company will reach over 100 million households, become the third-largest US TV player and preserve Fox’s investment-grade rating and shareholder returns.
1. Transaction Details
Fox will acquire Roku for $160 per share through a mix of cash and Class A common stock, assigning roughly $22 billion of enterprise value to Roku. The agreement merges Fox's sports, news and entertainment content with Roku's leading connected TV platform.
2. Scale and Audience Reach
On a pro forma basis, the combined company will reach over 100 million households and become the third-largest US television player by viewing share across broadcast, cable, local and streaming environments. The union unites Fox’s premium live content with Roku’s platform technology and first-party data.
3. Financial Profile and Shareholder Returns
Fox will maintain its investment-grade credit rating and continue its uninterrupted share buyback and dividend program. The acquisition shifts the business mix toward high-growth streaming and advertising verticals while preserving ongoing capital return policies.
