Fox has announced a deal to acquire Roku for $22 billion, with the transaction structured as a cash-and-stock arrangement valued at $160 per share. This price reflects an 11.4% premium over Roku's most recent closing price.
Roku, known for pioneering streaming services on televisions, generates substantial revenue through advertising and subscriptions, with advertising alone bringing in $613 million in the first quarter of 2026, marking a 27% increase from the previous year.
The acquisition is expected to finalize in the first half of 2027, indicating Fox's strategic move to enhance its position in the competitive streaming market