Fox strikes $22 billion deal for Roku to fuel streaming push

Fox Corporation is acquiring Roku in a $22 billion cash-and-stock deal, offering $96 in cash and 0.97 Fox Class A shares per Roku share, valuing the offer at $160 per share — a 33.7% premium. The deal gives Fox access to Roku's 100 million streaming households and creates the third-largest US TV player by viewership, with expected annual cost savings of $400 million and a targeted close in H1 2027. Fox shares fell 8% in premarket trading while Roku rose 2.6% to $147.5, below the offer price.