Fox Company has agreed to purchase Roku Inc. for $160 per share, an approximate enterprise worth of $22 billion, the companies introduced at present.
The acquisition would unite Fox’s broadcast channels, together with Fox, Fox Information, Fox Enterprise, and FS1, in addition to its streaming companies, together with Tubi, a free ad-supported streaming tv (FAST) platform that Fox purchased in 2020, with Roku’s personal FAST service, The Roku Channel, and Roku’s streaming {hardware} enterprise, together with its streaming sticks and sensible TVs. Roku says it has 100 million households utilizing its platform.
Essentially the most precious a part of Roku’s enterprise isn’t its {hardware}, which misplaced $19.1 million within the quarter ending March 31, 2026, however its the working system (Roku OS) and promoting enterprise. In that very same quarter, Roku’s promoting and subscriptions enterprise posted a gross revenue of $584.1 million, with the promoting enterprise pulling in $371 million in income. The COVID-19 pandemic helped Roku change into worthwhile in 2021, however the firm didn’t see annual profitability once more till 2025.
The deliberate merger goals to assist Roku scale and keep profitability extra simply by enabling Roku “to execute on our technique sooner than we might in any other case by ourselves, regardless that we’re doing extraordinarily properly,” Anthony Wooden, Roku’s CEO, mentioned throughout a name with buyers at present.
“Fox and Roku are dedicated to persevering with to function Roku as an open, partner-friendly platform and to the continued ubiquitous distribution of Fox content material. On a professional forma foundation, the mixed firm will change into the third-largest participant in US tv by share of viewing,” at present’s announcement mentioned. The stat seemingly refers to Nielsen’s information for “aggregated view of whole TV utilization by media firm” in March. The highest-viewed distributors have been YouTube (13.2 %), The Walt Disney Firm (10.5 %), and NBCUniversal/Versant (8.4 %). Fox was in fourth place (7.2 %), and The Roku Channel was in ninth (3 %).
