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 third-largest TV business in the U.S. by viewership. Fox gains access to Roku's audience of over 100 million households, which will improve advertising targeting and reduce reliance on traditional TV. The deal closed earlier than expected despite regulatory scrutiny, signaling strong confidence in the streaming market's growth potential.
Roku shares trade at USD 160.81 on Pluang as of Nov 06, 2026 23:22 WIB, up 0.28% in the last day. The stock's market cap stands at $23.91 billion, slightly above the acquisition price. Roku's enterprise value is $21.59 billion, reflecting investor confidence in its streaming business post-acquisition.
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 ...
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,...
