r/stocks
Fox to buy streaming device maker Roku for $22 billion
Fox to acquire Roku for $22B ($160/share), combining media assets with Roku's streaming platform and devices.
- Roku shareholders receive a significant premium with the $160 per share offer
- Strategic consolidation of streaming assets creates a stronger ad-supported streaming competitor
- Fox's stock dropped 13% in premarket trading, indicating investor skepticism about the deal's value
- Media consolidation faces ongoing industry challenges and shifting consumer habits
Fox Corp. has reached an agreement to acquire Roku for roughly $22 billion, marking another chapter in media consolidation as the industry grapples with several changes and challenges.
On Monday Fox announced it would acquire Roku for $160 per share. Fox’s stock was trading down about 13% in premarket trading, while Roku was up about 2%.
The combination will bring together Fox’s news and sports channels, as well as its free ad-supported streamer Tubi with Roku, the maker of streaming devices and also the home of The Roku Channel, a service similar to Tubi.
The proposed acquisition comes about seven years after Fox’s last major deal, when it shed its entertainment assets in a $71 billion deal with Disney. Since then, Fox’s portfolio has primarily been made up of its TV channels, namely broadcast network Fox, which has been airing the FIFA World Cup since last week, and Fox News Channel on cable.
In 2020 Fox acquired Tubi for $440 million. That service had long been its answer to the streaming wars, prior to the announcement of Fox One, its direct-to-consumer option that launched last year.
Source: https://www.cnbc.com/2026/06/15/fox-to-buy-roku.html
The rumors were already spreading by then.
what if they think the SEC is useless?
"I know all other news is biased, because FOX News told me so." - an actual conversation I had.
"I know everyone is racist, because CNN told me so." - an actual conversation I had.
Fuck. That sucks... I loved my Roky TVs.
Yeah like I siders might have know they wanted roku and set up a planned divestment a month ago but someone trading on the imminent news isn't a thing
I liked roku a lot better than Amazon fire stick and Google version
the suspicious friday pop is the part that always gets me, the people who can actually act on a deal like this are never the retail investor reading about it monday. thats basically the whole case for just owning the index, you hold roku and fox and the acquirer of whatevers next without needing to be early on any one of them. m&a is a coin flip on timing even when the thesis is right.
Damnn the market reaction to Fox is brutal today... but this is a massive pivot away from their traditional cable dependency. They basically just bought the literal gatekeeper to the living room.
Even though they are keeping Tubi and The Roku Channel as separate apps because the viewer overlap is low, combining them under one roof gives Fox an insane amount of ad-targeting power.
It takes a special kind of stupid to fall for Fox narratives.
Roku is hands down the worst of all the platforms.
I'd rather be forced to use Samsung or LG's god awful smart platforms than Roku ever again. Google TV, Firecube/stick/whatever (Android versions) etc... are all so much better.
This is just one of those stocks I'll never understand because the underlying product is so terrible.
The right wing will control all mainstream media it looks like
You though roku was going to be a 150b+ market cap company?
Enroll in that GED program son. $200= $29.4 B market cap.
Then sell