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Mergers & AcquisitionsHigh Impact•15 June 2026•

2 min read

Fox Corp to Acquire Roku in $22 Billion Deal to Accelerate Streaming Growth

Key Facts

1Fox Corp has agreed to acquire streaming platform Roku in a cash-and-stock deal valued at approximately $22 billion.

2Roku shareholders will receive $160 per share, consisting of $96 in cash and 0.9693 Fox Class A shares.

Version History

2 additional sources confirmed this story

In a move reflecting the accelerating convergence between traditional media and technology platforms, Fox Corp has announced a definitive agreement to acquire Roku for $22 billion. Under the terms of the deal, Roku shareholders will receive $160 per share, consisting of $96 in cash and 0.9693 Fox Class A shares. Markets reacted immediately to the news, with Fox shares falling 10.81% in premarket trading following the announcement.

This acquisition comes as major media companies race to bolster digital capabilities against rivals like Netflix and Disney, with Roku's market positioning centered on the growth of digital advertising. Per market data, ROKU closed at $143.66 on June 12, 2026, indicating that the offer price provides a significant premium to shareholders. Compared to previous sector consolidations, this deal positions Fox to dominate smart TV interfaces and valuable advertising data streams.

Investors should watch support levels for FOXA, which closed at $65.85 on June 12, 2026, amid concerns over share dilution from the deal's equity component. Regarding the economic calendar, the U.S. Inflation Rate (CPI) data scheduled for June 10, 2026, may influence broader market sentiment and the tech sector specifically. Regulatory approval milestones will be the primary catalyst for both instruments in the coming weeks.