Credit: Roku
TL;DR
- Fox Corporation is acquiring Roku in a cash-and-stock transaction valued at $160 per share, marking its largest digital expansion.
- The merger combines Fox’s Tubi and The Roku Channel, positioning the unified entity behind only YouTube and Netflix in US viewing time.
- The deal is expected to close in the first half of 2027, following regulatory approvals.
The streaming landscape is in for a massive seismic shift. Fox Corporation announced that it is acquiring streaming giant Roku in a blockbuster deal valued at roughly $22 billion. The cash-and-stock transaction, which sees Fox paying $160 per share, marks the broadcasting giant’s biggest push into digital entertainment.
For millions of viewers, the merger means two of the biggest hubs for free, ad-supported streaming, Fox’s Tubi and The Roku Channel, are officially joining forces under one roof.
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