Fox Corp (NASDAQ:FOXA) has agreed to acquire streaming platform Roku Inc (NASDAQ:ROKU) in a cash-and-stock deal valuing the company at approximately $22 bill...
Fox Corp to acquire Roku in $22B deal Proactive Mon, June 15, 2026 at 10:45 AM EDT 1 min read FOXA -16.84% Trade Fox on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. Fox Corp (NASDAQ:FOXA) has agreed to acquire streaming platform Roku Inc (NASDAQ:ROKU) in a cash-and-stock deal valuing the company at approximately $22 billion in enterprise value, the companies announced Monday. Under the terms of the agreement, Fox will pay $160 per share, comprising $96 in cash and 0.9693 Fox Class A shares. Fox shareholders will retain approximately 73% ownership of the combined company, with Roku shareholders holding the remaining 27%. Fox has secured $12 billion in bridge financing from Morgan Stanley (NYSE:MS) to fund the cash portion of the transaction. The deal implies pro forma net leverage of approximately 2.8 times and is expected to generate around $400 million in run-rate cost synergies. The transaction combines Fox's sports, news, and entertainment content and its Tubi streaming service with Roku's connected TV platform, The Roku Channel, first-party data, and direct relationship with more than 100 million global streaming households. The deal is expected to close in the first half of 2027. Fox Class A shares fell approximately 15.5% in Monday trading, while Roku shares slipped around 0.8%.
