Key facts
- Fox said the deal values Roku at approximately $22 billion in enterprise value.
- Roku shareholders were to receive $160.00 per share in cash and Fox Class A common stock.
- Fox said the combined company would have one of the largest US streaming businesses, including Tubi and The Roku Channel.
- Fox said the combination would rank third in US television by share of viewing on a pro forma basis.
- Fox said it would keep Roku operating as an open, partner-friendly platform.
Fox Corp completed its $22 billion acquisition of Roku on November 6, 2026, the company said, a deal the broadcaster said would expand the online reach of its sports and news programming and support its advertising business.
The transaction was announced on June 15, 2026. Under the definitive agreement, Fox was to acquire Roku for $160.00 per share in a combination of cash and Fox Class A common stock, valuing Roku at approximately $22 billion in enterprise value, according to Fox's announcement.
Fox said the deal gives it access to the more than 100 million households using Roku's platform, which the company said could help the cable TV-reliant media company build a larger digital audience and better target ads. Fox said the combined company would have one of the largest streaming businesses in the US, including its Tubi service and The Roku Channel, and would rank third in US television by share of viewing on a pro forma basis.
Fox said it is committed to continuing to operate Roku as an open, partner-friendly platform and to continued ubiquitous distribution of Fox content. Fox Executive Chair and Chief Executive Officer Lachlan K. Murdoch said the combination would move the company into high-growth areas while it maintains its investment grade balance sheet and continues its share buyback and dividend program.
Roku Founder, Chairman and Chief Executive Officer Anthony Wood said Roku's board unanimously determined after a strategic review that the transaction offers a premium to Roku shareholders while giving them the opportunity to participate in the combined company.