A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company's IPO at the Nasdaq Market in New York, U.S., September 28, 2017. REUTERS/Brendan McDermid
15 Jun 2026 07:20PM
(Updated: 15 Jun 2026 07:28PM)
June 15 : Fox signed an agreement to acquire Roku in a deal valued at about $22 billion, the companies said. Roku is one of the first companies to bring streaming platforms like Netflix and YouTube to television through connected devices and smart TVs.Its business is largely driven by advertising and subscription revenue from streaming apps on its platform. Advertising is the largest component, with revenue of $613 million in the first quarter, up 27 per cent year-on-year.Fox will acquire Roku for $160 per share in a cash-and-stock deal, which represents a premium of 11.4 per cent to Roku's last close.The deal is expected to close in the first half of calendar year 2027.
Source: Reuters
