Fox (FOXA.O) will acquire streaming-video platform Roku (ROKU.O) in a cash-and-stock deal at $160 per share that values Roku’s enterprise at roughly $22 billion. The transaction is expected to close in 1H 2027 and will combine Fox’s sports, news and entertainment content with Roku’s platform of more than 100 million subscribers. Fox has obtained $12 billion of fully committed bridge financing from Morgan Stanley’s senior financing unit to support the deal. Roku derives the bulk of its revenue fr

Fox (FOXA.O) will acquire streaming-video platform Roku (ROKU.O) in a cash-and-stock deal at $160 per share that values Roku’s enterprise at roughly $22 billion. The transaction is expected to close in 1H 2027 and will combine Fox’s sports, news and entertainment content with Roku’s platform of more than 100 million subscribers. Fox has obtained $12 billion of fully committed bridge financing from Morgan Stanley’s senior financing unit to support the deal. Roku derives the bulk of its revenue from digital advertising and streaming-distribution services; hardware sales are a small portion. Last year Roku’s platform business generated $4.1 billion, about 87.5% of company revenue.