Fox will buy Roku for $22 billion in a streaming deal
Fox Corp agrees to pay $22 billion to buy Roku. The company wants to combine the power of TV shows, movies, and music streaming services.
Fox Corporation has signed a historic deal to buy streaming platform Roku for about $22 billion. This is a big move into the connected TV and digital streaming markets.
Under the terms of the deal, Fox will give $160 per share in cash and Fox Class A stock. The deal should go through in the first half of 2027, as long as regulators give their approval and other normal closing conditions are met.
Combined, the new business would have Fox’s broadcast and streaming assets, such as its Tubi platform and news, sports, and entertainment content. It would also have Roku’s leading connected-TV operating system and advertising infrastructure.
Fox said that the merger would combine its live TV and sports offerings with Roku’s reach into more than 100 million streaming homes around the world. This would strengthen Fox’s place in the rapidly changing TV landscape.
Lachlan Murdoch, executive chair and CEO of Fox, called the deal “a defining moment” and said it showed the company’s long-term plan to focus on live content and streaming delivery after Disney buys most of 21st Century Fox in 2019.
He also said that Roku would help Fox reach its goals in high-growth digital advertising and connected TV, calling it a “natural extension” of the company’s streaming plan.
Anthony Wood started Roku in 2002 and will still be involved after the purchase. He is also likely to join Fox’s board once the deal is finalized. He said that the agreement would speed up new ideas and help Roku reach more people around the world who use streaming services.
Roku has been competing with tech giants like Amazon, Google, and Apple for a long time in the streaming device and smart TV operating system space. The company recently reported better financial success, including its first full-year profit since 2025.
Fox said it would use a mix of new debt, existing cash reserves, and committed bridge funding to pay for the cash part of the acquisition. The business also expects big cost savings of around $400 million a year once the merger is done.
If the deal goes through, the new company will have a big part of the US TV viewing market. This will change the way competition works in the streaming and ad-driven TV market.
