Fox to Buy Roku for $22 Billion in Cash-and-Stock Deal
Fox announced it will buy Roku for about $22 billion in a cash-and-stock transaction, valuing Roku at roughly $22B. Roku shareholders would hold 27% of the combined company after an expected first-half 2027 close, while Fox shareholders take 73%. The deal targets $400 million in run-rate cost synergies and about 2.8x net leverage; separate reports also note ongoing RSN interest in local NBA rights.