Roku to Be Acquired by Fox in Merger
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An announcement from Roku ( (ROKU) ) is now available.
On June 14–15, 2026, Roku and Fox Corporation agreed to a cash-and-stock merger under which Fox will acquire Roku for $160 per share, valuing Roku at about $22 billion. Roku shareholders will receive $96 in cash and 0.9693 Fox Class A shares per Roku share, ending Roku’s Nasdaq listing and leaving Fox investors with roughly 73% of the combined group and Roku holders about 27% once the deal closes.
The combination is designed to create a scaled media and technology platform that marries Fox’s premium live sports and news portfolio and Tubi service with Roku’s connected TV platform, The Roku Channel and rich first-party data. Both boards unanimously approved the deal, which is expected to deliver about $400 million in run-rate cost synergies, be accretive to Fox’s free cash flow by the second full year after closing and materially expand Fox’s position in high-growth streaming and connected TV advertising, while keeping its capital return program and investment-grade rating intact.
Fox plans to fund the $96-per-share cash component with cash on hand and new debt, backed by a $12 billion bridge facility, which would leave pro forma net leverage near 2.8 times including partial credit for synergies. The transaction, expected to close in the first half of 2027, is subject to shareholder approvals, U.S. and non-U.S. regulatory clearances and other customary conditions, with major Roku and Fox shareholders already locked up via voting agreements and Roku founder Anthony Wood slated to take an ongoing leadership role and join the Fox board.
The most recent analyst rating on (ROKU) stock is a Hold
with a $160.00 price target.
To see the full list of analyst forecasts on Roku stock,
see the ROKU Stock Forecast page.
Spark’s Take on ROKU Stock
According to Spark, TipRanks’ AI Analyst, ROKU is a Outperform.
The score is driven primarily by strong and improving cash generation plus a low-leverage balance sheet, reinforced by upbeat earnings-call guidance for platform growth and margin/FCF expansion. Offsetting factors are a demanding valuation (P/E ~105) and mixed near-term momentum signals despite the stock trading above key moving averages.
To see Spark’s full report on ROKU stock,
click here.
More about Roku
Roku, Inc. is a streaming technology company that pioneered TV streaming and operates the leading connected TV platform in the U.S., Canada and Mexico by hours streamed. Its primary products include streaming devices, smart TV operating systems and The Roku Channel, serving more than 100 million global streaming households and focusing on ad-supported and subscription streaming video.
Fox Corporation is a U.S. media company that produces and distributes news, sports and entertainment content through brands such as FOX News Media, FOX Sports, Tubi Media Group, FOX Entertainment and FOX Television Stations. Its portfolio emphasizes live sports and news, free ad-supported streaming via Tubi, and broad distribution for advertisers and distributors across broadcast, cable, local and digital platforms.
Average Trading Volume: 2,664,480
Technical Sentiment Signal: Buy
Current Market Cap: $21.2B
For an in-depth examination of ROKU stock, go to TipRanks’ Overview page.
