Fox Corp has finalized its $22 billion acquisition of streaming platform Roku, aiming to enhance its advertising business and expand the online audience for its sports and news content. The deal, a mix of cash and stock, gives Fox access to over 100 million households through Roku's platform. Roku founder Andy Wood joins Fox's board and will co-chair the new Fox Digital Platforms division, signaling a strategic focus on digital growth. Fox stockholders now own about 74% of the combined company, with former Roku shareholders holding 26%.
Roku shares are trading at USD 161.53 on Pluang, up 0.73% as of Nov 06, 2026 23:31 WIB. The stock's market cap stands at $23.91 billion, reflecting investor interest following the Fox acquisition news.
Fox has finalized its $22 billion acquisition of Roku, one of the largest recent media deals, enhancing Fox's position in streaming and connected TV. The acquisition brings Roku, founded in 2002, under Fox's ownership, making the combined entity the ...
Roku posted strong third-quarter results with revenue rising 24% to $1.5 billion and earnings per share jumping to $1.20, beating analyst expectations. The company saw a 9% increase in streaming hours and over 20% growth in advertising, subscription,...
