Fox to acquire streaming device maker for $22 billion Aditya Raghunath June 16, 2026 4 min read ROKU If you have a Roku device at home, and statistically, there's a good chance you do, your TV's home screen may soon have a new owner. Fox Corporationannounced June 15 that it has reached a deal to buy Roku for $160 per share. That values the company at roughly $22 billion.
The deal is expected to close in the first half of 2027, according to a company statement. For everyday TV viewers, the change may not be immediately obvious. But behind the scenes, it marks one of the biggest power moves in the streaming wars yet.
Why does Fox want to acquire Roku? Roku (ROKU) isn't a streaming service like Netflix or Disney+, but the software and hardware that sit between you and those services. Think of it as the front door to your TV.
When you power on a Roku-enabled device, that home screen you see, with all the apps, recommendations, and ads, is Roku's platform. It reaches more than 100 million households globally and is installed in more than half of all U.S. homes with broadband internet. Related: Roku drops customer surprise amid shifting audience behavior That kind of reach is rare.
And it's precisely why Fox (FOXA) came knocking. "This is a defining moment for FOX," Fox CEO Lachlan Murdoch said on an investor call June 15. He called the deal "a natural extension of the deliberate and focused strategy we have been executing for nearly a decade." Fox already owns FOX News, FOX Sports, a portfolio of NFL and MLB rights, and Tubi, the free ad-supported streaming service that generated revenue approaching $1.5 billion in fiscal 2026.
Now it wants the platform that millions of Americans use to watch all of that content. How the $22 billion price tag breaks down The deal structure is part cash, part stock. Roku shareholders will receive $96 in cash and 0.9693 shares of FOX Class A common stock for each share they own.
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