Fox Corporation announced on June 15 that it will buy Roku for approximately $22 billion. The deal would combine Fox's Tubi service with Roku's platform and hardware business. It is expected to close in the first half of 2027.
Fox Corporation has agreed to purchase Roku Inc. for $160 per share, giving the deal an enterprise value of about $22 billion. The transaction unites Fox's broadcast channels and Tubi streaming service with Roku's The Roku Channel, streaming devices, and operating system.
Roku serves 100 million households. The combined entity would rank as the third-largest player in US television by share of viewing, according to the companies. Fox shareholders are expected to own 73 percent of the merged company, with Roku shareholders holding the remaining 27 percent.
"This is a defining moment for Fox," said Lachlan Murdoch, Fox's CEO and executive chair. Roku CEO Anthony Wood said the combination offers an opportunity to scale faster and innovate more aggressively.
Roku is set to continue operating as an open and partner-friendly platform. The deal remains subject to regulatory approval and shareholder votes.
