Fox Corp. and Roku Inc. announce a definitive agreement under which Fox will acquire Roku for about $22 billion, including debt, as the broadcaster expands its push into streaming. Bloomberg and the Financial Times report the transaction values Roku at $160 per share. The Hill specifies the consideration Fox will pay for each Roku share: $96 in cash and 0.9693 shares of Fox Class A common stock, covering both Roku Class A and Class B shares outstanding. Daily Sabah similarly describes the deal as a cash-and-stock combination valued at approximately $22 billion, including debt. The different outlets largely agree on the headline valuation and the structure of the payment. Some coverage frames the acquisition in terms of Fox’s broader digital video strategy, while other headlines emphasize Roku as a streaming technology partner. Reporting also indicates that, after the deal, the combined company becomes a major U.S. television player by viewing share. The articles do not detail timing, regulatory approvals, or closing conditions in the provided excerpts.
Fox to acquire Roku for about $22 billion in cash-and-stock deal
Fox Corp. and Roku Inc. announce a definitive agreement under which Fox will acquire Roku for about $22 billion, including debt, as the broadcaster expands its push into streaming. Bloomberg and the F...
- Fox Corp. reaches a definitive agreement to acquire Roku Inc. for about $22 billion, including debt.
- The deal values Roku at $160 per share.
- Fox will pay each Roku share $96 in cash and 0.9693 shares of Fox Class A common stock.
- The acquisition is part of Fox’s shift toward digital and streaming video.
- Coverage indicates the combined company becomes a top U.S. television player by viewing share.
The Wall Street Journal on Monday: Fox Corp. said it is acquiring Roku in a deal valued at around $25 billion, making a major bet on the future of ad-supported streaming. The deal — Fox’s largest to date — brings together a media company known for its live news and sports programming with the biggest provider of streaming platforms for connected TVs. It will add scale to Fox’s streaming business, currently home to free, ad-supported streaming service Tubi, which the company bought for $400 million in 2020, and subscription-based Fox One and Fox Nation. In addition to distributing other streaming services through connected TVs and devices, Roku has its own ad-supported Roku Channel. The combined company will better compete with the likes of Amazon.com and Netflix for ad dollars. I’m late to comment on this, but this seems stupid. Roku sucks. I know they’ve got a 25 percent or so share of the smart TV interface market, but no one is attached to Roku. The entirety of their market share is people who don’t care. That’s not worth $25 billion. Shit platforms seldom last, and the ones that do last achieve monopolies. I think Roku’s share is going to slip, not grow. ★
3 months agoKevin Mayer, former Walt Disney Direct-to-Consumer & International Chair, discusses Fox's recent $22 billion acquisition of Roku, highlighting a significant strategic move from traditional media towards streaming. Fox, which previously lacked a major streaming platform, aims to strengthen its position by integrating Roku's streaming service alongside its existing ad-supported streamer, Tubi. He speaks with Romaine Bostick & Katie Greifeld on "The Close." (Source: Bloomberg)
3 months agoFox's stock dropped following its announcement that it will acquire Roku for $22 billion. Analysts still think it's a good deal.
3 months agoThe $22 billion deal gives Fox additional access to 100 million households
3 months agoFox Corp and Roku have entered a definitive agreement under which Fox will acquire Roku for $160 per share, valuing the streaming company at approximately $22 billion. The post World Cup broadcaster Fox buys Roku appeared first on Inside World Football.
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