Fox to Acquire Roku in $22 Billion Cash-and-Stock Deal, Combined Company Becomes Third-Largest TV Player

Fox Corp is acquiring Roku in a deal valued at roughly $22 billion, combining cash and stock, the companies announced. The acquisition will give Fox direct access to Roku's more than 100 million households, along with expanded ad targeting data and a way to lessen its dependence on traditional cable distribution. The deal is expected to close in the first half of 2027.