Story perspectives

Fox to Buy Roku for $22 B, Gaining 73% Control

6/15/2026

Summary

Story summary

Fox Corp. agreed to acquire Roku Inc. in a $22 billion cash-and-stock deal, pending approvals, closing in early 2027.
The acquisition gives Fox control of a streaming platform that reaches over 100 million households worldwide.
Fox shareholders will own about 73 % of the new entity, with Roku shareholders retaining roughly 27 %.
Fox will fund the cash portion with $12 billion and expects $400 million synergies, making deal accretive to cash flow by year two.

History

Historical Context

After Disney closed its $71.3 billion purchase of 21st Century Fox assets in March 2019—following a 2017 announcement, a Comcast counter-bid, and antitrust clearance—the industry has seen accelerating vertical integration. In 2024 Fox Corp echoed that strategy by agreeing to buy streaming platform Roku for $22 billion, further consolidating distribution and expanding its household reach.

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Story summary

Fox Corp. agreed to acquire Roku Inc. in a $22 billion cash-and-stock deal, pending approvals, closing in early 2027.
The acquisition gives Fox control of a streaming platform that reaches over 100 million households worldwide.
Fox shareholders will own about 73 % of the new entity, with Roku shareholders retaining roughly 27 %.
Fox will fund the cash portion with $12 billion and expects $400 million synergies, making deal accretive to cash flow by year two.

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