Fox Corp has finalized its $22 billion acquisition of Roku, expanding its streaming services which already include Tubi and FOX One. The deal combines Fox's live sports, news, and local programming with Roku's platform that reaches over 100 million households, aiming to create new opportunities for viewers, advertisers, and partners. Fox expects to achieve $400 million in annual cost savings within two years and anticipates the acquisition will increase free cash flow per share by the second full year after closing. Roku founder Anthony Wood joins Fox's board and will co-chair the new FOX Digital Platforms division, signaling a strong commitment to innovation and growth in streaming.
Roku shares are trading at USD 161.47 on Pluang as of Nov 07, 2026 01:51 WIB, close to their 52-week high of USD 162.77. The stock has gained 0.69% in the past day, reflecting steady investor interest. Roku's market cap stands at $23.91 billion, highlighting its significant presence in the media sector.
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 ...
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,...
