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
OMG for all the DUers who use Roku.
REFERENCE - https://www.democraticunderground.com/10143678381
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