Fox Corporation on Monday announced its plans to acquire Roku, the operating-system platform that powers streaming on more than 100 million connected-TV devices, in a $22 billion cash-and-stock deal. At this offer, the deal values each Roku share at $160, a premium of 11.4% above the stock's closing price the preceding Friday. The transaction has been signed off by both companies' shareholders but is is subject to approval from federal regulators, which should likely close in the first half of 2027.
Speaking on the development, Fox CEO Lachlan Murdoch called the deal 'a defining moment for Fox and a natural extension of the deliberate and focused strategy we have been executing for nearly a decade.'
