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Last updated: 2026-06-16 04:56:10 ET
Fox to buy Roku in a $22 billion deal. 💰🤝
Rupert dreamed it, Lachlan bought it: the strategy behind Fox's $22 billion Roku acquisition
These are the stocks posting the largest moves in midday trading.
The $22 billion deal will bolster Fox Corp.’s efforts to reach consumers on streaming platforms.
Fox says the deal will create the third-largest television company in the United States.
Fox, the owner of the news and sports networks, said it has reached a deal to acquire Roku for about $22 billion in enterprise value.
The move is seen as a bet that combining streaming with its news and sport offering will leave Fox in a strong position as TV audiences move online.
Fox said it will buy Roku for $160 per share in a cash-and-stock deal that it expects to complete in the first half of 2027.
Fox CEO Lachlan Murdoch touted the merger as a transformational move as competition for streaming audiences intensifies.
Roku’s stock is rallying to a four-year high after agreeing to be bought by Fox in a deal valued at $22 billion.
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