Fox just made a $22 billion play for your TV screen by buying Roku

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.