Fox Corp. to buy streaming platform Roku for $22 billion
Fox Corporation has finalized a $22 billion deal to acquire Roku, combining streaming tech with Fox’s live TV and content assets. The cash-and-stock transaction includes Roku’s platform, channel, and customer data. Analysts highlight a shift in media mergers toward distribution control over content creation. The deal awaits regulatory approvals.
What changed
Fox confirmed the $22 billion acquisition of Roku, clarifying it is a cash-and-stock deal valued at approximately $22 billion, including debt, with some sources citing a total deal value of $25 billion.
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Fox Corp. acquires Roku in $22B streaming and live TV deal
confidence 95%Fox Corporation has finalized a $22 billion deal to acquire Roku, combining streaming tech with Fox’s live TV and content assets. The cash-and-stock transaction includes Roku’s platform, channel, and customer data. Analysts highlight a shift in media mergers toward distribution control over content creation. The deal awaits regulatory approvals.
What's confirmed:
- Fox Corporation has agreed to acquire Roku in a deal valued at approximately $22 billion, combining cash and stock.
- The transaction includes Roku’s streaming platform, its namesake channel, and its customer data.
- Fox’s acquisition of Roku marks a strategic shift in media consolidation, focusing on distribution and control rather than content.
- The deal is expected to give Lachlan Murdoch access to over 100 million global households and first-party ad data.
- Regulatory approvals are pending for the transaction to close.
Still unconfirmed:
- The total deal value may reach $25 billion when including debt, though primary sources confirm $22 billion as the enterprise value.