Fox Corp. has agreed to acquire Roku in a $22 billion cash-and-stock deal, combining its television assets with one of the nation's largest streaming platforms. The acquisition will bring together Fox's news and sports channels, as well as its free ad-supported streamer Tubi, with Roku's FAST service, The Roku Channel, and hardware business.
Key Takeaways
Fox Corp. has agreed to acquire Roku for $22 billion in a cash-and-stock deal, combining its television assets with one of the nation's largest streaming platforms. Fox will pay $160 per share, funding part of the acquisition with new debt.
- Fox acquires Roku for $22B in cash-and-stock deal
- Combined company to become third-largest U.S. TV player by viewership share
- Deal expected to close in first half of 2027, subject to regulatory and shareholder approvals
- Fox shareholders will own about 73% of the combined entity, Roku shareholders approximately 27%
- Acquisition aims to reduce reliance on traditional distribution and expand digital ad revenues
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▼Source Claims Check
1 Difference FoundAll 8 publishers report consistent facts across 4 key claims. 1 point of difference noted.
| Claim | Status | Reason | |
|---|---|---|---|
| Share Price | 1 Difference | CNBC and ArsTechnica report $160 per share; Sky News says an 11% premium over Friday's closing price | ▼ |
| Deal Value | Broad Agreement | $22 billion cash-and-stock deal | |
| Combined Company Size | Broad Agreement | Third-largest player in U.S. TV by viewership share | |
| Roku Households | Broad Agreement | 100 million households using Roku's platform | |
| Roku's Advertising Business Revenue | Broad Agreement | $371 million in the quarter ending March 31, 2026. |
Share Price
▼CNBC and ArsTechnica report $160 per share; Sky News says an 11% premium over Friday's closing price
Deal Value
Broad Agreement$22 billion cash-and-stock deal
Combined Company Size
Broad AgreementThird-largest player in U.S. TV by viewership share
Roku Households
Broad Agreement100 million households using Roku's platform
Roku's Advertising Business Revenue
Broad Agreement$371 million in the quarter ending March 31, 2026.
This analysis is AI-generated and may not perfectly represent each source's reporting. Always read the original articles for full context.
The combined company would rank as the third-largest player in U.S. television based on share of viewing. According to CNBC, Fox will acquire Roku for $160 per share, funding part of the acquisition with new debt. The transaction is expected to close in the first half of 2027 and is subject to regulatory and shareholder approvals.
The deal gives Fox access to more than 100 million households using Roku's streaming platform, potentially helping the cable TV-reliant media company better target ads and reduce reliance on traditional distribution. According to CBS News, once the deal closes, Fox shareholders are expected to own around 73% of the combined company, while Roku shareholders will own approximately 27%. The acquisition comes as media companies compete for viewers migrating from traditional television to streaming services.
The most valuable part of Roku's business is its operating system and advertising business, which posted a gross profit of $584.1 million in the quarter ending March 31, 2026 per ArsTechnica. The companies expect cost savings of $400 million in the combined entity.
How this summary was created
This summary synthesizes reporting from 8 independent publishers using AI. All sources are cited and linked below. NewsBalance is a news aggregator and media literacy tool, not a news publisher. AI-generated content may contain errors or inaccuracies — always verify important information with the original sources.