Fox Corporation Acquires Roku Streaming Platform in $22 Billion Deal

Executive Briefing

• Announces acquisition at $160 per share in a cash-and-stock combination valuing Roku at $22 billion
• Combines Fox's content library and Tubi streaming service with Roku's TV operating platform
• Merges The Roku Channel into Fox's growing direct-to-consumer streaming portfolio
• CEO Lachlan Murdoch calls deal a 'defining moment' and natural extension of decade-long strategy