Fox buying major streaming TV platform for $22 billion
The deal is subject to approval from federal regulators.
Mason Reed 
Fox News Corp. is making a massive power move in the digital landscape, announcing its acquisition of the popular streaming platform Roku in a deal valued at $22 billion.
A Major Shift in Streaming
This acquisition is poised to shake up the media industry, positioning Fox as the third-largest player in U.S. television based on share of viewing. By absorbing more than 100 million global streaming households, Fox significantly expands its reach. As NBC News reported, the Roku Channel currently commands 3% of all U.S. streaming viewership, trailing behind industry giants like YouTube, Netflix, Disney, and Prime Video.
Leadership Perspective
Lachlan K. Murdoch, Executive Chair and Chief Executive Officer of Fox Corporation, hailed the move as a landmark event for the company. “This is a defining moment for FOX, and a natural extension of the deliberate and focused strategy we have been executing for nearly a decade,” Murdoch stated. “This combination will transform the scope of our company into high-growth verticals and yield a step change in our overall growth profile.”
Deal Structure and What’s Next
Under the terms of the agreement, Roku will remain a stand-alone platform. The financial breakdown includes a payment of $96 in cash plus 0.9693 shares of Fox Class A common stock for every outstanding share of Roku. This values individual Roku shares at $160. Following the merger, Fox shareholders will control 73% of the entity, while current Roku shareholders will retain a 27% stake, as noted by NBC News.
As 205focus.com continues to track this development, it is important to note that the transaction remains subject to the necessary approval from federal regulators.
