Fox Corp to acquire Roku in $22B cash-and-stock deal, merging streaming platforms.

Fox Corp has agreed to acquire Roku Inc in a deal valued at approximately $22 billion, combining cash and stock payments. Fox will pay $160 per Roku share, including $96 in cash and Fox Class A shares, with Fox shareholders owning 73% of the combined company. The acquisition merges Fox's content and Tubi streaming service with Roku's platform and data, aiming for $400 million in cost synergies. The deal is expected to close in the first half of 2027, with Fox securing $12 billion in financing for the transaction.