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Fox Buys Roku: Streaming Giant Acquired!
15 Jun
Summary
- Fox Corp. to acquire Roku Inc. for $160 per share.
- The deal values Roku at approximately $22 billion.
- The acquisition is expected to finalize in early 2027.
Fox Corp. has announced its intention to acquire the streaming video platform Roku Inc. The proposed transaction is structured as a cash-and-stock deal, with Fox Corp. offering $160 per share for Roku.
This acquisition places Roku's enterprise value at approximately $22 billion. The combination aims to integrate Fox's diverse content offerings, including sports, news, and entertainment programming, with Roku's extensive reach and user base in the streaming market.
The deal is projected to be finalized within the first half of 2027. Both companies are positioning themselves for significant growth and influence in the rapidly changing media and entertainment industry.
