Fox to Acquire Roku in $22 Billion Deal to Build Streaming Powerhouse

June 16, 2026

Mintesinot Nigussie

Fox Corporation has agreed to acquire Roku, Inc. in a cash-and-stock transaction valued at approximately 22 billion US dollars, bringing together a major content producer and one of the world’s largest connected TV platforms in a deal aimed at reshaping the global streaming landscape.

Under the agreement, Fox will pay 160 US dollars per Roku share, combining cash and Fox Class A common stock. The transaction merges Fox’s portfolio of live sports, news and entertainment content, including Tubi, with Roku’s streaming platform, The Roku Channel, its advertising infrastructure and its direct access to more than 100 million global streaming households.

The companies said the combination is intended to position the merged group at the centre of two defining shifts in television consumption: the sustained dominance of live news and sports, and the continued expansion of streaming and connected TV advertising.

On a pro forma basis, the combined entity is expected to become the third-largest player in US television by viewing share, spanning broadcast, cable, local and streaming distribution channels.

Fox Executive Chair and Chief Executive Officer Lachlan K. Murdoch said the acquisition extends a long-running strategic shift toward live content and streaming.

“This is a defining moment for Fox, and a natural extension of the deliberate and focused strategy we have been executing for nearly a decade,” he said, citing the company’s investment in live sports and its earlier acquisition of Tubi.

He said the deal would combine “the most valuable live content portfolio in video consumption with the preeminent streaming platform through which America watches it,” adding that Fox was executing the transaction from a position of financial strength.

Roku Founder, Chairman and Chief Executive Officer Anthony Wood said the merger would accelerate the company’s long-term strategy in streaming and digital advertising.

He said the combination with Fox represented a “significant premium” for shareholders and offered an opportunity to scale Roku’s platform and innovation capabilities more rapidly.