Fox to buy Roku in $22 billion deal to accelerate shift to digital [View all]

Last edited Mon Jun 15, 2026, 09:50 AM - Edit history (1)

Source: CNBC

Published Mon, Jun 15 2026 7:20 AM EDT Updated 9 Min Ago


Fox Corp is buying Roku in a cash-and-stock deal valued at about $22 billion in a ⁠bet that pairing its sports and news programming with a top TV streaming ​platform will strengthen ​its position as ​audiences shift online.

The deal, announced on Monday, gives the cable TV-reliant Fox direct access to Roku’s large installed base of more than 100 ⁠million ‌streaming households, helping it better sell targeted ads ⁠and reduce reliance on traditional distribution.

Fox will acquire Roku for $160 per share, representing a premium of 11.4% to Roku’s last close. Shares of Fox were ‌down 8% in premarket trade, while Roku’s shares were halted.

Roku is one of the first companies to bring ​streaming platforms like Netflix and YouTube to television through connected devices and smart TVs.

Read more: https://www.cnbc.com/2026/06/15/fox-to-buy-roku-in-22-billion-deal.html