Fox Corporation to Acquire Streaming Company Roku for $22 Billion
Fox Corporation announced on Monday its plan to acquire streaming company Roku for a total of $22 billion. The agreement outlines a payment structure where Fox will provide $96 in cash and 0.9693 shares of its Class A common stock for each outstanding Roku Class A and Class B share. This transaction values each Roku share at $160, marking a significant development in the streaming and media sector.
Fox Corporation announced on Monday its intention to acquire the streaming company Roku in a deal valued at $22 billion.
The acquisition involves a payment structure that includes both cash and stock. For each outstanding Roku Class A and Class B share, Fox has stated it will pay $96 in cash.
In addition to the cash component, shareholders will receive 0.9693 shares of Fox Corporation's Class A common stock for each Roku Class A and Class B share they hold.
This agreement effectively values each Roku share at $160.
According to The Hill, the deal grants Fox Corporation expanded capabilities within the streaming market.
