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Fox to Acquire Roku for $22 Billion, Stock Movement Observed

Published on 6/15/2026

#FOXA#ROKU#M&A#streaming#media
Fox to Acquire Roku for $22 Billion, Stock Movement Observed

AI Summary

Fox Corp. (FOXA) has announced it will acquire Roku (ROKU) for approximately $22 billion, equating to $160 per share. Following the announcement, Fox's stock fell by about 13% in premarket trading, while Roku's stock increased by around 2%. This acquisition aims to merge Fox's existing news and sports channels with Roku's streaming capabilities. Previously, Fox made a significant acquisition in 2020, purchasing Tubi for $440 million, indicating its strategy to enhance its streaming portfolio amid market changes.

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