Key Facts

• Fox announced that it would acquire Roku in a deal valued at $22 billion, with Roku being acquired for $160 per share in a combination of cash and FOX Class A common stock.
• The deal aims to "create a scaled next-generation media and technology company positioned at the intersection of two of the most important forces reshaping video consumption: the enduring primacy of live sports and news, and the continued rise of streaming."
• Roku has over 100 million users and operates as a robust hardware lineup that consists of streaming devices, TVs, smart home products, and more, along with a feature-packed software platform.
• The deal has been unanimously approved by the Boards of Directors of both companies, and Anthony Wood, the founder and CEO of Roku, will have an ongoing role at the combined company and will join the FOX Board of Directors following the close of the transaction.
• Fox also owns Tubi, an ad-supported streaming service acquired in 2020.