Overview
- A deal announced Monday between Fox and Roku values Roku at about $22 billion and offers $160 per share composed of $96 in cash plus 0.9693 Fox Class A shares.
- Both companies’ boards approved the transaction and Fox secured a $12 billion loan commitment to help finance the purchase.
- The parties expect the merger to close in the first half of 2027 subject to regulatory review and they project roughly $400 million in annual cost savings.
- Roku founder and CEO Anthony Wood is expected to join Fox’s board at closing and Roku’s platform and branding will remain in place as the companies integrate.
- The acquisition merges Fox’s live-news, sports and Tubi AVOD assets with Roku’s device and ad platform to give Fox scale in advertising and direct distribution and to intensify competition with major streamers.