Fox Corp to Acquire Roku in $22 Billion Deal
Fox Corp. is set to acquire Roku in a $22 billion transaction. This deal will grant Fox access to Roku's extensive install base of 100 million households. The acquisition is projected to finalize in the first half of 2027.
Fox Corp. is moving to acquire Roku in a deal valued at $22 billion. The agreement, anticipated to close by the first half of 2027, will significantly expand Fox's reach by integrating Roku's 100 million household install base.
Following the completion of the deal, Fox shareholders are expected to own approximately 73% of the combined entity. Roku currently holds a leading position in the U.S. market for connected TV devices, which enable users to access various streaming platforms.
The acquisition is seen as a strategic move by Fox to counter the ongoing trend of 'cord-cutting,' particularly among younger audiences. This integration aims to bolster the media company's presence in the evolving landscape of entertainment and broadcasting.
According to Polygon, the deal will effectively make the entertainment and broadcasting world 'a bit smaller' once again.
