The $22 billion cash-and-stock transaction values Roku at
$160 per share, with Fox paying $96 in cash and stock worth $64 per share for
each Roku share.
Fox CEO Lachlan
Murdoch called it a defining moment, combining Fox's NFL games, Fox News, and
Tubi with Roku's ad platform and global reach.
The deal promises $400 million in annual cost savings and aims to create the third-largest U.S. TV player, pending approvals and targeting a close in early 2027.