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Fox Corp Buys Roku for $22 Billion — Roku Shares Rise 2.8% While Fox Slides 9.5% on Deal Terms

Fox Corporation is acquiring streaming platform Roku in a cash-and-stock transaction valued at approximately $22 billion, or about $160 per Roku share. Roku shares rose roughly 2.8% to $147.74 in premarket trading, while Fox shares dropped about 9.5% to $53.33 as investors weighed the dilution from the deal. The combination gives Fox access to Roku's streaming platform, first-party viewer data, and over 100 million global households.