Fox Corporation to Acquire Roku in $22 Billion Deal

By: Harsh Vardhan

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Updated on: 16-Jun-2026 06:00 AM

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Fox Corporation has announced a definitive agreement to acquire Roku for $160 per share. The deal includes $96 per share in cash, with the remainder in Fox shares. This transaction values Roku at $22 billion. Fox has secured $12 billion in bridge financing from Morgan Stanley to support the acquisition.

Key Highlights

• Fox Corporation will acquire Roku for $160 per share, valuing Roku at $22 billion.
• The deal includes $96 per share in cash and the rest in Fox shares.
• Fox has secured $12 billion in bridge financing from Morgan Stanley for the transaction.
• The acquisition is expected to close in the first half of next year after regulatory approvals.
• The combined company will be the third-largest US TV player by share of viewing.

Acquisition Details and Timeline

The transaction is expected to close in the first half of next year. Completion depends on receiving all necessary regulatory approvals. Fox's acquisition of Roku will combine Fox's leadership in live news and sports with Roku's position as a leading connected TV platform. Roku currently reaches over 100 million global streaming households, including more than half of all US broadband households.

Fox stated that the combined company will offer premium live content, broad distribution, and significant audience reach across both linear and streaming platforms. The acquisition will allow Fox to expand its presence across the entire video ecosystem and enter the connected TV market.

Strategic Impact of the Merger

By acquiring Roku, Fox aims to create a stronger streaming platform. The company plans to integrate Fox's premium content and advertising capabilities with Roku's user interface, platform technology, and direct viewer relationships. This integration is intended to enhance content discovery, increase viewer engagement, and provide a more compelling streaming experience for both consumers and content partners.

Fox will continue to operate Roku as an open and partner-friendly platform. According to Fox, the combined company will become the third-largest player in US television by share of viewing. The move is designed to strengthen Fox's position in the evolving media landscape and increase its reach in the growing connected TV segment.