Fox has agreed to acquire Roku in a $22 billion deal, a move that significantly strengthens its position in the highly competitive streaming industry, according to CNN.
The report said the deal comes as media companies race to scale their streaming operations amid intense competition from platforms such as Netflix, YouTube and Amazon.
According to the companies, the combined business will become the third-largest player in U.S. television by share of viewing, controlling more than 5% of total viewing time.
The deal is expected to close in the first half of 2027 and is projected to generate about $400 million in cost savings.
Related Tweet:
Fox Corp. is making a dramatic move to expand its streaming footprint, unveiling with plans to buy Roku in a deal that values the streaming platform at $22 billion.https://t.co/ANyTa2KsiX
— Variety (@Variety) June 15, 2026
Fox 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 https://t.co/XMwgvacZBh
— Bloomberg (@business) June 15, 2026
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