{"id":705612,"date":"2026-06-15T14:39:10","date_gmt":"2026-06-15T14:39:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/705612\/"},"modified":"2026-06-15T14:39:10","modified_gmt":"2026-06-15T14:39:10","slug":"fox-corp-buying-roku-in-22b-deal","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/705612\/","title":{"rendered":"Fox Corp Buying Roku In $22B Deal"},"content":{"rendered":"

\n\tFox<\/a> Corp just unveiled a $22B deal to acquire connected TV service Roku<\/a>, considerably boosting its streaming capabilities.<\/p>\n

\n\tThe agreement will see Fox acquire Roku for $160 a share through a combination of cash and Fox Class A stock. This gives Roku an enterprise valuation of $22B. Upon closing, Fox shareholders will own about 73% of the merged business, with Roku shareholders taking the other 27%.<\/p>\n

\n\tRoku, founded in 2002, reaches around 100 million global streaming homes through its connected TV platform, and is in more than half of all U.S. broadband households. Fox operates its namesake broadcast network, a large local station portfolio, cable networks Fox News and Fox Business, subscription streamer Fox One, and a sports rights portfolio including the NFL, MLB, NASCAR, Big Ten and the FIFA World Cup.<\/p>\n

\n\tThe deal marks a major step-up in streaming for Fox six years after it paid $440 million to acquire Tubi<\/a>, a free and ad-supported service. The company helped finance that deal in part by selling shares it had acquired in Roku as an early investor.<\/p>\n

\n\tIn its announcement, Fox said the Roku purchase would \u201ccreate a scaled next-generation media and technology company positioned at the intersection of two of the most important forces reshaping video consumption: the enduring primacy of live sports and news, and the continued rise of streaming.\u201d<\/p>\n

\n\tCombiningtogether the likes of the Fox\u2019s sports, news and broadcast networks, Tubi<\/a> and The Roku Channel, Fox said the merged company would be the third-largest U.S. TV player by viewing share. Fox\u2019s Tubi acquisition helped beef up the company\u2019s holdings following the Murdoch family\u2019s decision to sell most of its assets to Disney for $71.3B.<\/p>\n

\n\tAround 90% of Tubi\u2019s viewing is AVOD, while Roku is more focused on the adjacent FAST channels space, and Fox sees them as complementary businesses.<\/p>\n

\n\tIn a statement announcing the deal, Fox and Roku said both companies were \u201ccommitted to continuing to operate Roku as an open, partner-friendly platform and to the continued ubiquitous distribution of Fox content.\u201d Directors from both sides have \u201cunanimously\u201d approved the deal, which they expect to \u201cbe accretive to free cash flow per share by the second full year after closing\u201d and achieve around $400M in run-rate cost synergies.<\/p>\n

\n\t\u201cThis is a defining moment for Fox, and a natural extension of the deliberate and focused strategy we have been executing for nearly a decade,\u201d Fox CEO Lachlan Murdoch said in a statement. \u201cIn 2019, we reoriented the company around live news and sports. In 2020, we acquired Tubi and under our stewardship it has become one of the most successful businesses in streaming.<\/p>\n

\n\t\u201cToday, we take the next step: bringing 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 our company into high-growth verticals and yield a step change in our overall growth profile.\u201d<\/p>\n

\n\tHe talked up Fox\u2019s financial wherewithal in making the deal and said Roku \u201cpioneered streaming TV and scaled it into a leading CTV platform. Together, we intend to lead its next chapter.\u201d<\/p>\n

\n\tRoku founder, chairman and CEO Anthony Wood will have \u201can ongoing role\u201d at the combined company and will join the Fox board.<\/p>\n

\n\t\u201cOver the past two decades, we\u2019ve built Roku into the leading TV streaming platform, reaching more than 100 million households globally and reshaping how people discover and enjoy entertainment,\u201d Wood said.<\/p>\n

\n\t\u201cI\u2019m incredibly proud of what our team has built, and the combination with Fox is an extraordinary opportunity to accelerate our vision, scale faster and innovate more aggressively for viewers, partners and advertisers. That\u2019s why our Board of Directors unanimously determined after concluding its strategic review process that this transaction offers a significant premium to Roku shareholders while also providing them with the opportunity to participate in the compelling future upside of the combined company. I couldn\u2019t be more excited about what we\u2019ll accomplish together.\u201d<\/p>\n

\n\tThe deal is subject to customary closing conditions, approvals from both sets of shareholders and U.S. and foreign regulatory approvals. It is expected to close in the first half of 2027.<\/p>\n","protected":false},"excerpt":{"rendered":"Fox Corp just unveiled a $22B deal to acquire connected TV service Roku, considerably boosting its streaming capabilities.…\n","protected":false},"author":2,"featured_media":705613,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28,6265,44400,14007,5732,37679],"class_list":["post-705612","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-fox","tag-fox-corp","tag-mergers-and-acquisitions","tag-roku","tag-tubi"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/705612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=705612"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/705612\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/705613"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=705612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=705612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=705612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}