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Fox Corp unveils $22B agreement to acquire Roku, expanding connected-TV footprint
The Apex Times

THE APEX TIMES

Culture/The Apex Times/Jun 15, 7:33 AM EDT

Fox Corp unveils $22B agreement to acquire Roku, expanding connected-TV footprint

The company disclosed a definitive deal to buy Roku for $160 per share in a mix of cash and Fox Class A stock, valuing the connected-TV platform at about $22 billion.

2 min readEditor-approved Apex article

Fox Corp announced a definitive agreement to acquire Roku in a deal valued at $22 billion, a move that would combine two major players in the connected-TV advertising and streaming ecosystem. The announcement, made by Fox Corp and reported by Deadline on June 15, would see Fox purchase Roku for $160 per share through a combination of cash and Fox Class A stock.

Under the terms described in the announcement, Fox would pay shareholders at a stated per-share price to complete the acquisition of Roku, a company whose platform supports streaming access on televisions and other connected devices. The reported structure ties the purchase consideration to both cash and Fox equity, linking Roku’s ownership change to Fox’s Class A share issuance.

Roku would be folded into Fox’s existing streaming and distribution operations. Deadline reported that Fox already owns Tubi, another connected-TV and streaming service positioned as a rival to Roku, meaning the acquisition would further concentrate Fox’s presence across the television viewing pathway.

The scale of the transaction represents a major shift in the competitive landscape for how households discover and watch video content. Roku’s platform is widely used by viewers to access streaming services, and it operates at the interface between content providers, advertisers, device ecosystems, and consumer interfaces.

The agreement is presented as a definitive deal, indicating that Fox and Roku have progressed beyond initial talks. The practical effect, if completed, would be for Roku to become part of Fox’s broader media holdings, potentially changing how Roku services are supported and marketed and how Fox integrates its streaming products across devices.

For viewers and media industry participants, the acquisition would primarily affect distribution channels, ad inventory access, and the corporate ownership of the connected-TV gateway. Any change at that level typically requires time to execute and would be handled through the acquisition process after the parties reach final operational and legal completion milestones.

Why It Matters

  • The acquisition, if closed, would alter ownership and control of a major connected-TV platform that mediates how viewers access streaming services.
  • The $22 billion price and the use of both cash and Fox equity highlight the size of the financial commitment and the integration stakes for Fox’s streaming strategy.
  • Because Fox already has a competing connected-TV service, the deal would concentrate Fox’s position across the connected-TV distribution market.
  • For advertisers and content partners that rely on connected-TV discovery and ad delivery, the ownership change could affect commercial terms and product integration over time.

Sources

Key Facts

  • Fox Corp disclosed a definitive agreement to acquire Roku for a reported enterprise value of $22 billion.
  • The reported purchase price is $160 per share, paid through a combination of cash and Fox Class A stock.
  • The announcement was reported by Deadline on June 15, 2026.
  • Deadline reported that Fox already owns Tubi, described as a Roku rival.
  • Roku is characterized in the report as a connected-TV service that would expand Fox’s streaming capabilities if the deal completes.