Fox to Acquire Roku for $22 Billion Enterprise Value
*Fox Corp. will purchase Roku Inc. for $160 per share in a cash-and-stock transaction.*
Fox Corp. will acquire Roku Inc. for $160 a share in a cash-and-stock deal that values the streaming video platform at an enterprise value of about $22 billion.
The transaction advances Fox’s stated goal of expanding its presence in streaming video distribution.
Deal structure
The purchase combines cash and stock. No further terms on the mix of consideration or expected closing timeline appear in the announcement.
Roku shareholders will receive the fixed price of $160 per share. The enterprise value figure accounts for Roku’s net debt.
Why it matters
The acquisition hands Fox a direct route to millions of connected televisions and a platform that already aggregates content from many providers. For Roku users and channel partners, control will now sit with a traditional media company rather than an independent device maker. Execution risk rests on whether Fox can integrate Roku’s hardware and software operations without disrupting the open platform that attracted those users in the first place.
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