Fox to Acquire Roku in $22 Billion Deal

Fox Corp. has agreed to buy the streaming pioneer Roku in a cash-and-stock deal valued at approximately $22 billion, including debt. The acquisition will give Fox access to more than 100 million global households and make it the third-largest player in U.S. television by share of viewing. This deal is significant as it brings together Fox's live news and sports content with a streaming platform with large viewership.

## What happened Fox Corp. announced Monday that it plans to buy the video streaming giant Roku, along with its namesake channel and customer data, in a deal worth a total of $22 billion. The companies expect the deal to close in the first half of calendar year 2027. The deal will give Fox access to more than 100 million global households, along with the Roku channel and its first-party data. Roku will continue to be run as an open, partner-friendly platform, the companies said Monday, and there appears to be no immediate changes that customers will see. ## Why it matters The acquisition of Roku by Fox is expected to bring together the most valuable live content portfolio in video consumption with the preeminent streaming platform through which America watches it. This combination will transform the scope of the company into high-growth verticals and yield a step change in its overall growth profile. The deal is also expected to accelerate Fox's targeted advertising efforts and give it more exposure to advertising and streaming subscriptions. ## How to think about it The acquisition of Roku by Fox is a significant development in the streaming industry, and it's likely to have a major impact on the way people consume media. To think about this deal, consider the potential benefits and drawbacks, and how it may affect the companies involved and their users. ## FAQ