Fox Corp. has agreed to acquire Roku Inc. in a cash-and-stock transaction valued at about $22 billion, according to multiple outlets. The deal is reported at roughly $160 per Roku share and is described as valuing Roku at an enterprise value around $22 billion, with some reporting including debt in that figure. Fox will use the acquisition to expand its digital and streaming strategy, gaining access to Roku’s channel and first-party data, and reaching Roku’s large base of global streaming households. Several reports also note that Fox’s existing media assets include streaming services and content such as Tubi, alongside sports and news operations. The combined company is described as becoming one of the largest players in U.S. television by share of viewing, with one outlet citing a third-place position. Coverage also frames the transaction as part of Fox’s effort to accelerate the shift from traditional distribution toward streaming amid ongoing competition for viewers. Terms, including consideration structure (cash and Fox Class A common stock), are consistently reported across sources, while the timing and regulatory steps are not detailed in the provided excerpts.