Fox to acquire Roku in $22 billion deal, its largest ever
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Connecting the dots: Fox has agreed to acquire Roku in an all-cash-and-stock deal valued at roughly $22 billion including debt. This is the largest acquisition in the Murdoch-controlled company's history and a bet that owning the pipes matters as much as owning the content that flows through them.
Under the terms announced Monday morning, Fox Corporation will pay $160 per share, split as $96 in cash and the remainder in Fox Class A common stock. Upon closing, existing Fox shareholders would own roughly 73% of the combined company, with Roku shareholders holding about 27%. The deal is expected to close in the first half of 2027, pending regulatory and shareholder approval.
But what is Fox really buying?
Roku isn't just a dongle company. Roku is the dominant Connected TV operating system and number...
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