Fox Corporation Acquires Roku in a $22 Billion Cash and Stock Deal

U.S.-based media entity Fox Corporation (FOXA) has entered into a definitive merger agreement to acquire Roku, Inc. (ROKU) in a cash-plus-stock deal valued at $22 billion.

Deal Structure:

Roku stockholders will receive $96.00 in cash and 0.9693 shares of FOX Class A common stock for each Roku Class A and Class B share outstanding, representing an implied value of $160 per share and a premium of 11.37% from the stock’s last close.

Company Profile:

Fox Corporation is a prominent U.S.-based media entity, primarily engaged in the creation and distribution of news, sports, and entertainment content. Fox operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot.

Roku is the largest independent TV streaming platform in the U.S., connecting viewers to movies, shows, live TV, and sports.

Deal Details and Timeline:

On June 12, 2026, Reuters reported that Roku was exploring its strategic options, including a full sale of the company, amid interest from companies seeking access to its vast streaming audience and advertising platform. The stock was trading at $119.64  when the potential rumor was revealed.

The merger is expected to close in the first half of 2027.

Fox Corporation’s purchase values Roku, Inc. at 4.27 times sales and 47.56 times EBITDA.

Deal Metrics:

For a deeper understanding of this merger transaction, please refer to the Deal Metrics page at:

Deal Metrics for the acquisition of Roku, Inc. (ROKU) by Fox Corporation (FOXA)

The Deal Metrics page for each merger or acquisition includes:

• A spread history chart showcasing the merger progression from announcement through completion or failure.
• Key events such as expiration of the HSR period, various regulatory approvals, shareholder votes, and more.
• News and SEC filings relevant to the deal.
• A history of updates regarding the deal.
• And a lot more insightful information.

Disclaimer: This article is intended for informational purposes only. Please conduct your own due diligence before buying or selling any securities mentioned in this article. We do not guarantee the completeness or accuracy of the content or data provided in this article.

Editor’s Note: Baranjot Kaur contributed to this article