Fox to acquire US streaming giant Roku
The company's shares surged more than 20% on Friday after Bloomberg reported that it was in talks regarding a potential sale.
Protest outside the Fox Corporation building (File photo)
(AFP) Fox Corporation announced on Monday the acquisition of Roku in a deal combining cash and stock, valuing the streaming giant at $22 billion.
"The transaction combines FOX’s leading sports, news and entertainment content and the Tubi service, with Roku’s leading connected TV platform, The Roku Channel, first-party data and direct relationship with more than 100 million global streaming households," the companies said in a joint statement.
According to the statement, Roku shareholders would receive cash and Fox stock valued at $160 per share, and the transaction is expected to close in the first half of 2027.
Roku, an ad-supported streaming service
Roku, headquartered in California, gained widespread recognition in the early days of streaming with its plug-in devices and is now a major player in smart TV operating systems, deriving the vast majority of its revenue from advertising and other platform-related services.
It also has its own ad-supported streaming channel, a competitor to Tubi, Fox’s platform.
"FOX and Roku are committed to continuing to operate Roku as an open, partner-friendly platform and to the continued ubiquitous distribution of FOX content," the companies said.
Roku generated $4.7 billion in revenue in 2025
The company’s shares surged more than 20% on Friday after Bloomberg reported that it was in talks regarding a potential sale.
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