Fox to Buy Roku for $160 a Share in $22 Billion Cash-and-Stock Deal
Fox Corp. agreed to acquire Roku for $160 a share in a cash-and-stock deal valuing the streaming platform at about $22 billion in enterprise value. Under the agreement, Roku shareholders will receive $96 in cash plus 0.9693 Fox Class A shares for each Roku share, leaving Fox investors with 73% of the combined company and Roku shareholders with 27%.
The deal expands Fox’s streaming footprint by combining its sports, news and entertainment assets, including Tubi, with Roku’s connected-TV platform, The Roku Channel, first-party data and direct relationships with more than 100 million global streaming households. The companies said they expect about $400 million of annual run-rate cost synergies and aim to close the transaction in the first half of 2027, after reports last week said Roku was exploring strategic options, including a possible sale.
From the sources (25 posts)
@negligible_cap*ROKU SAID TO BE IN SALE TALKS, INCLUDING POSSIBLE MEDIA TIE-UP $ROKU in talks for a buyout. ROKU was rallying up 10% leading into the announcement with vol incredibly bid. Someone always knows
@businessRoku, the streaming video platform, is in talks to sell itself, people with knowledge of the matter said.
@lucas_shawBig news: Roku is in talks to sell itself.
@techmemeSources: Roku is in talks to sell itself; its shares have risen about 24% this year, giving the company a market value of $19.9B (Bloomberg) (Visit Techmeme dot com for the link and full context!)
@reutersRoku exploring strategic options, including sale of company, sources say
@unusual_whalesRoku, $ROKU, exploring strategic options, including sale of company, per Reuters
@businessFox will acquire Roku for $160 a share in a cash-and-stock deal that values the streaming video platform at an enterprise value of about $22 billion
@cnbcFox to buy Roku in $22 billion deal
@stockmktnewzJUST IN: FOX ACQUIRES ROKU $FOX just announced that it has agreed to acquire $ROKU in a stock and cash deal that values Roku at $160 per share or 22 Billion
@deitaone$ROKU - *FOX TO BUY ROKU FOR $160/SHR IN CASH AND STOCK DEAL
@stocksavvyshay$FOX is acquiring $ROKU for $22B paying $160 per share through a mix of cash and stock. Fox shareholders will own 73% of the combined company while Roku shareholders will own 27% and management expects ~$400M in annual cost synergies. http
@alphasenseincFOX Corporation to Aquire Roku, Inc. "Fox Corporation (Nasdaq: $FOXA, FOX) ("FOX" or the "Company") and Roku, Inc. (Nasdaq: $ROKU) ("Roku") today announced they have entered into a definitive agreement under which FOX will acquire Roku for
@wsjFox said it is buying streaming company Roku in a deal valued at around $22 billion, including debt
@unusual_whalesBREAKING: FOX to buy $ROKU for $160/share in cash and stock deal
@zerohedgeFox Buys Roku In $22 Billion Deal To Build "Next-Gen Media" Giant
@wallstengineFOX IS BUYING $ROKU FOR $22B EV Terms: $160/share $96 cash + 0.9693 FOXA shares 73% FOX shareholder ownership 27% Roku shareholder ownership $12B bridge financing from Morgan Stanley ~2.8x pro forma net leverage ~$400M expected run-
@ftFox to acquire streaming company Roku for $22bn
@zerohedge*FOX TO BUY ROKU FOR $160/SHR IN CASH AND STOCK DEAL
@ftr_investors$FOX $ROKU FOX is acquiring Roku for $160 per share, valuing Roku at approximately $22B 💰 The deal combines FOX’s sports, news, and entertainment content with Roku’s streaming platform, which reaches 100+ million households worldwide 📺 FO
@fiscal_aiFox Corporation is acquiring Roku for $22 billion in a cash-and-stock deal. $ROKU -1.9% $FOX -16.8%
@thetranscript_Fox Corporation to buy Roku in $22B deal $ROKU CEO: "....an extraordinary opportunity to accelerate our vision, scale faster and innovate more aggressively...." $FOX CEO: "...bringing together the most valuable live content portfolio in v
@bloombergtvFox agreed to acquire Roku in a deal valued at about $22 billion including debt, creating a new television juggernaut and marking a big push into ad-supported streaming
@polymarketmoneyBREAKING NEWS: $FOX to buy $ROKU for $160/share in a cash-and-stock deal.
@cnbcFox to buy streaming device maker Roku for $22 billion
@reutersFox strikes $22 billion deal for Roku to fuel streaming push