{"id":3124,"date":"2026-06-15T17:35:13","date_gmt":"2026-06-15T17:35:13","guid":{"rendered":"https:\/\/raleighmovingnews.com\/?p=3124"},"modified":"2026-06-15T17:35:13","modified_gmt":"2026-06-15T17:35:13","slug":"fox-buying-roku-for-22-billion","status":"publish","type":"post","link":"https:\/\/raleighmovingnews.com\/?p=3124","title":{"rendered":"Fox buying Roku for $22 billion"},"content":{"rendered":"
\n

(The Hill) \u2014 Fox Corp. announced Monday that it is buying streaming company Roku for $22 billion.\u00a0<\/p>\n

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In a release, Fox said it will pay $96 in cash and 0.9693 shares of its Class A common stock for each Roku Class A and Class B share outstanding. The deal values each Roku share at $160.<\/p>\n

The deal gives Fox access to Roku\u2019s own channel, its first-party data and a \u201cdirect relationship\u201d with more than 100 million households. The release noted that Roku will continue to operate as an open and \u201cpartner-friendly\u201d platform.<\/p>\n

Roku, founded in 2002 by Anthony Wood, produces streaming devices and TVs. It also distributes streaming services and runs an ad business.\u00a0<\/p>\n

The combined company, the release stated, will become the third-largest player in U.S. television by share of viewing.\u00a0<\/p>\n

Lachlan Murdoch, the CEO of Fox and the son of media tycoon Rupert Murdoch, said in the release the acquisition of Roku marks a \u201cdefining moment\u201d for his company. The younger Murdoch succeeded his father in 2023 and fended off a challenge to his control of Fox Corp. and News Corp. from his siblings last year.<\/p>\n

\u201cIn 2019, we reoriented the company around live news and sports,\u201d Lachlan Murdoch said. \u201cIn 2020, we acquired Tubi and under our stewardship it has become one of the most successful businesses in streaming.<\/p>\n

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\u201cToday, we take the next step: bringing together the most valuable live content portfolio in video consumption with the preeminent streaming platform through which America watches it.\u201d<\/p>\n

Under the deal, existing Fox shareholders will own roughly 73 percent of the combined company, while Roku shareholders will own 27 percent.\u00a0<\/p>\n

Wood said in the release the deal \u201cis an extraordinary opportunity to accelerate our vision, scale faster and innovate more aggressively\u201d for Roku viewers, partners and advertisers.<\/p>\n

\u201cThat\u2019s why our Board of Directors unanimously determined after concluding its strategic review process that this transaction offers a significant premium to Roku shareholders while also providing them with the opportunity to participate in the compelling future upside of the combined company,\u201d Wood added. \u201cI couldn\u2019t be more excited about what we\u2019ll accomplish together.\u201d<\/p>\n

After the transaction closes, Wood will have an ongoing role at the new company and will join the Fox Board of Directors, which also unanimously approved the deal. The release noted that the acquisition is expected to close in the first half of 2027.<\/p>\n

The boards of both companies unanimously approved the deal, which will generate roughly $400 million in cost savings, according to the release.<\/p>\n

Read more Spain at a Tennessee boarding school, Iraq in a rural West Virginia town: Where World Cup teams live<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Fox Corp. announced Monday that it is buying streaming company Roku for $22 billion.\u00a0<\/p>\n","protected":false},"author":1,"featured_media":3123,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-3124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nFox buying Roku for $22 billion - Raleigh Moving News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/raleighmovingnews.com\/?p=3124\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fox buying Roku for $22 billion - Raleigh Moving News\" \/>\n<meta property=\"og:description\" content=\"Fox Corp. announced Monday that it is buying streaming company Roku for $22 billion.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/raleighmovingnews.com\/?p=3124\" \/>\n<meta property=\"og:site_name\" content=\"Raleigh Moving News\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-15T17:35:13+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/raleighmovingnews.com\\\/?p=3124#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/raleighmovingnews.com\\\/?p=3124\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/raleighmovingnews.com\\\/#\\\/schema\\\/person\\\/eda87157c0d9ccdbb002a999547a6a60\"},\"headline\":\"Fox buying Roku for $22 billion\",\"datePublished\":\"2026-06-15T17:35:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/raleighmovingnews.com\\\/?p=3124\"},\"wordCount\":461,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/raleighmovingnews.com\\\/?p=3124#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/raleighmovingnews.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/b5dfdfa7d693d838dd39f7a433dd7c67.webp\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/raleighmovingnews.com\\\/?p=3124#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/raleighmovingnews.com\\\/?p=3124\",\"url\":\"https:\\\/\\\/raleighmovingnews.com\\\/?p=3124\",\"name\":\"Fox buying Roku for $22 billion - 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