The operation, which has already been unanimously approved by the boards of directors of both companies, values the Roku shares at US$160 each. Fox will pay US$96 in cash and 0.9693 class A shares for each share on the platform.
The main objective of this multi-million dollar acquisition is to create “a large-scale technology and media platform” that achieves greater monetization and reach, as the new entity will combine Fox’s sports, news and entertainment content with Roku’s connected TV ecosystem.
Additionally, this merger gives Fox access to one of the largest television operating systems in the US, as Roku reaches 100 million homes worldwide.
In this way, the combined company will become the third biggest television actor in the United States for screen quota.
Fox CEO Lachlan K. Murdoch called the signing of the agreement a “defining moment” and a natural extension of the corporation’s strategy.
Fox Is Buying Roku in $22 Billion Deal https://t.co/ANyTa2KsiX
— Variety (@Variety) June 15, 2026
“This is a defining moment for FOX and a natural extension of the deliberate and focused strategy we have been executing for nearly a decade. In 2019, we refocused the company on live news and sports“Murdoch stated.
The executive president also stressed that this combination will transform Fox’s reach “toward high-growth vertical sectors and will represent a qualitative change in the global growth profile.”
For his part, Roku founder and CEO Anthony Wood noted that the merger will allow us to grow faster and innovate more aggressively for viewers and advertisers.
Wood will maintain a role in the new company and will join Fox’s board of directors.
Following the closing of the transaction, current Fox shareholders will own approximately 73% of the resulting company, while Roku shareholders will own approximately 27%.