Here's What Fox Buying Roku Means for Netflix Investors

Live updates

1. 1h ago

   Fox Acquires Roku in $22 Billion Streaming Push

   Fox Corporation reached a definitive agreement to buy Roku for roughly $22 billion. The deal combines Fox's news, sports, and entertainment assets with Roku's connected TV platform. Roku stock has recently traded below the $160 buyout price.

   What's confirmed:

   • Fox Corporation entered a definitive agreement to acquire Roku, Inc.
   • The deal values Roku at roughly $22 billion in enterprise value.
   • The acquisition was announced on June 15.
   • Fox will integrate its content and advertising operations with Roku's distribution networks.
   • The buyout price for Roku is $160 per share.
   • The transaction uses a combination of cash and stock.

   Still unconfirmed:

   • Roku stock is trading near $138, which is 16% below the buyout price.
   • Investors gave the deal a chilly reception.
   confidence 100%
2. 3d ago

   Fox Agrees to Acquire Roku for $22 Billion

   Fox Corporation reached a definitive agreement to buy Roku on June 15. The deal values Roku at roughly $22 billion in enterprise value. Fox intends to merge its sports and news content with Roku's distribution networks.

   What's confirmed:

   • Fox Corporation agreed to acquire Roku on June 15.
   • The deal values Roku at roughly $22 billion in enterprise value.
   • Fox plans to integrate its live news and sports with Roku's distribution capabilities.

   Still unconfirmed:

   • Netflix shares dropped 3.5% on Tuesday after the company was outbid for Roku.
   confidence 100%
3. 5d ago

   Fox Acquires Roku to Control Streaming Distribution

   Fox Corp. has purchased Roku to integrate its live sports and news content. The deal allows Fox to own the platform hosting Tubi and Fox One. Analysts suggest this move bypasses the traditional streaming arms race.

   Still unconfirmed:

   • Fox acquired Roku for $22B, beating Netflix.
   • The deal is valued at $23 billion.
   • Rich Greenfield of LightShed Partners called the move the most consequential strategic pivot in legacy media in a decade.
   • The acquisition makes Fox the home for Tubi, Fox One, the NFL, and FIFA World Cup.
   • Roku shares are valued at $160 each.
   confidence 60%
4. 7d ago

   Fox Acquires Roku for $22 Billion

   Fox Corp. is purchasing Roku to merge its news and live sports content with the streaming platform. The deal values Roku shares at $160 each.

   What's confirmed:

   • Fox agreed to acquire Roku for approximately $22 billion US.
   • Fox will pay $160 US per share.

   Still unconfirmed:

   • The purchase price consists of $96 in cash and the remainder in Fox Class A common stock.
   • Streaming service prices typically increase following industry consolidation.
   • The deal may face fewer regulatory hurdles than recent streaming mergers.
   confidence 90%
5. 8d ago

   Fox Corp. Acquires Roku in $22 Billion Deal

   Fox Corp. has agreed to purchase Roku for $22 billion. The deal values Roku shares at $160 each. This acquisition combines a streaming platform with a major media entity.

   What's confirmed:

   • Fox is buying Roku for $160 a share in a $22 billion deal.
   • Roku shareholders will receive $96 in cash and $64 in FOX Class A stock per share.
   confidence 100%
6. 8d ago

   Fox to Acquire Roku for $22 Billion

   Fox Corp. has agreed to buy Roku in a deal valuing the platform at $22 billion. The acquisition involves a payment of $160.00 per share using a mix of cash and Fox Class A common stock. This move follows a period of stock decline for Netflix.

   What's confirmed:

   • Fox agreed to acquire Roku for $22 billion.
   • The deal price is $160.00 per share in a combination of cash and Fox Class A common stock.
   • Fox stock dropped following the announcement.

   Still unconfirmed:

   • Netflix stock is sliding further due to the Fox-Roku deal.
   confidence 90%