Fox to buy Roku for $22 billion

Live updates

1. 1d ago

   Fox finalizes $22B Roku acquisition to dominate U.S. streaming and live TV

   Fox Corporation has closed its agreement to acquire Roku for $22 billion in cash and stock, pending regulatory approval. The merger will combine Fox’s NFL, MLB, news, and Tubi assets with Roku’s 100 million U.S. households. No immediate service changes are expected, but deeper ad-supported integration and operational shifts are likely. The deal is projected to make the combined company the third-largest U.S. TV player by viewership and is set to close in early 2027.

   What's confirmed:

   • Fox Corporation has confirmed a $22 billion cash-and-stock acquisition of Roku, pending regulatory approval.
   • The merger will unite Fox’s NFL, MLB, news, and Tubi assets with Roku’s streaming platform, which reaches 100 million U.S. households.
   • No immediate service changes are planned for Roku or Fox’s existing offerings, though deeper ad-supported integration and operational adjustments are expected.
   • The deal is expected to close in early 2027, positioning the combined company as the third-largest player in U.S. television by viewership.
   confidence 100%
2. 2d ago

   Fox finalizes $22B Roku deal; deal set for early 2027 closure

   Fox Corporation has confirmed its $22 billion cash-and-stock acquisition of Roku, pending regulatory approval. The merger combines Fox’s NFL, MLB, news, and Tubi assets with Roku’s 100 million household streaming base. No immediate service changes are planned, though deeper ad-supported integration and operational adjustments are expected. The deal is expected to close in early 2027, positioning Fox as a major player in U.S. TV and streaming.

   What's confirmed:

   • Fox Corporation is acquiring Roku for $22 billion in cash and stock, pending regulatory approval.
   • The merger combines Roku’s 100 million household streaming base with Fox’s NFL, MLB, news, and Tubi content libraries.
   • No immediate changes to Roku’s services are planned, though deeper ad-supported integration and operational shifts are expected.
   • The deal is expected to close in early 2027, subject to regulatory approval.
   confidence 100%
3. 2d ago

   Fox finalizes $22B Roku deal, merging streaming with sports/news empire

   Fox Corporation has confirmed a $22 billion cash-and-stock acquisition of Roku, pending regulatory approval. The move merges Roku’s 100 million household streaming base with Fox’s NFL, MLB, news, and Tubi content. No immediate service changes are planned, though ad-supported integration and operational shifts are expected. The deal is set to close in early 2027, positioning Fox as a major U.S. TV player.

   What's confirmed:

   • Fox Corporation has agreed to acquire Roku for $22 billion in cash and stock, pending regulatory approval.
   • The deal combines Fox’s NFL, MLB, and news content with Roku’s 100 million household streaming platform and The Roku Channel.
   • Fox expects the acquisition to close in early 2027, strengthening its ad-supported streaming and connected TV presence.
   • No immediate customer-facing changes are planned, though operational and advertising integration details remain under review.

   Still unconfirmed:

   • The total deal value may be $25 billion, according to a single source.
   confidence 95%
4. 2d ago

   Fox finalizes $22B Roku deal; deal structure and timeline confirmed

   Fox Corporation has locked in a $22 billion cash-and-stock deal to acquire Roku, pending regulatory approval. The transaction will integrate Roku’s streaming platform into Fox’s ecosystem while preserving its ad-supported services. Fox expects the deal to close in early 2027, positioning the combined entity as a top U.S. TV player. No immediate customer-facing changes are planned, though operational details remain under review.

   What's confirmed:

   • Fox Corporation will acquire Roku in a cash-and-stock deal valued at approximately $22 billion, including debt.
   • The transaction is structured as a $160-per-share offer for Roku stock.
   • Fox expects to complete the acquisition in the first half of 2027, pending regulatory approval.
   • Roku will continue operating as an open, partner-friendly platform with no immediate changes for customers.
   • The combined company will become the third-largest player in U.S. television by share of viewing.

   Still unconfirmed:

   • Wall Street analysts question whether the $22 billion price reflects Roku’s true market value, though Fox has not addressed this directly.
   confidence 98%
5. 2d ago

   Fox finalizes $22B Roku deal, reshaping streaming wars

   Fox Corporation has agreed to acquire Roku for $22 billion in an all-stock transaction, merging the hardware-software streaming giant into its portfolio. The deal aims to bolster Fox’s streaming ecosystem by integrating Roku’s platform while keeping its ad-supported Roku Channel and Tubi separate. Wall Street questions whether the price reflects Roku’s true value, while Fox insists the move strengthens its competitive edge. The transaction is pending regulatory approval.

   What's confirmed:

   • Fox Corporation will acquire Roku in a $22 billion all-stock deal.
   • The transaction is expected to close subject to regulatory approvals.
   • Fox plans to keep the Roku Channel and Tubi as distinct, standalone services.
   • Wall Street analysts have raised concerns about whether the valuation accurately reflects Roku’s market position.

   Still unconfirmed:

   • Fox expects the combined entity to leverage Roku’s hardware and software dominance to outpace competitors like Amazon and Netflix in the streaming wars.
   • The deal may face scrutiny over antitrust risks given Roku’s market share in streaming devices and ad-supported content.
   confidence 97%