SouthernWorldwide.com – Fox Corporation is set to acquire Roku in a significant $22 billion deal. This move will merge the media giant’s television assets with one of the largest streaming platforms in the United States.
Fox announced on Monday that the acquisition of Roku will be conducted through a cash-and-stock transaction valued at $160 per share. According to Fox, the combined entity is poised to become the third-largest player in U.S. television, measured by share of viewing time.
This is not the first foray into streaming for Fox. The company previously acquired another streaming platform, Tubi, back in 2020. This prior acquisition demonstrates a strategic interest in expanding its digital footprint.
The U.S. Justice Department recently gave its approval for another major media merger. On June 12, the department cleared the path for Paramount Skydance, the parent company of CBS News, to acquire Warner Bros. Discovery for $110 billion. This deal will consolidate Paramount+ with HBO Max.
In a related development in the streaming landscape, Walt Disney Co. announced last year its intention to integrate Hulu and Disney+ into a single application. Disney, which has managed Hulu since 2019, successfully completed its takeover of the streaming service in 2025.
These large-scale consolidations in the media industry have sparked discussions among experts. Some have voiced concerns that increased media consolidation could potentially lead to lower pay for industry employees. Additionally, there are worries that consumers might face higher costs due to a reduction in available choices.
The acquisition of Roku by Fox is anticipated to be finalized in the first half of 2027. Following the closure of the deal, Fox shareholders are expected to hold approximately 73% of the combined company. Roku shareholders, in turn, are projected to own around 27% of the newly formed entity, as stated by Fox.
