Fox Corporation to Acquire Roku for $25 Billion in Cash and Stock; Shareholders to Receive $160/Share
Summary
Roku has agreed to be acquired by Fox Corporation for approximately $25 billion in a cash and stock deal, with shareholders receiving $96.00 cash and 0.9693 shares of Fox Class A stock per Roku share.
Key Events
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Definitive Acquisition Agreement
Roku, Inc. has entered into a definitive agreement to be acquired by Fox Corporation.
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Transaction Value
The acquisition is valued at approximately $25 billion, creating a scaled streaming and content entity.
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Shareholder Consideration
Roku shareholders will receive $96.00 in cash and 0.9693 shares of Fox Corporation Class A common stock for each Roku share, totaling approximately $160 per share.
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Leadership & Brand Continuity
Roku founder Anthony Wood will have an ongoing role and join the FOX Board of Directors; the Roku brand will continue operating post-acquisition.
Analysis
Roku has entered into a definitive agreement to be acquired by Fox Corporation, a major media and entertainment company. This transaction, valued at approximately $25 billion, fundamentally alters Roku's future as an independent entity. Shareholders will receive a combination of cash and Fox Class A common stock, providing both immediate value and participation in the combined company's future. The acquisition is expected to close in the first half of 2027, subject to regulatory and shareholder approvals.
At the time of this filing, ROKU was trading at $141.10 on NASDAQ in the Technology sector, with a market capitalization of approximately $20.8B. The 52-week trading range was $73.91 to $148.88. This filing was assessed with positive market sentiment and an importance score of 10 out of 10.