Fox Lands $12B Loan to Seal 73% Stake in Roku Deal
- Source
- CNBC
- Time
- 1:18 PM
- Weight
- 94/100
Fox Corp. has reached an agreement to acquire streaming platform and device maker Roku for approximately $22 billion in a cash and stock transaction. To facilitate the deal, Fox has secured a $12 billion loan and plans to fund the remaining cash portion using existing balance sheet reserves.
The acquisition, which values Roku at $160 per share, is expected to close in the first half of 2027 and will result in Fox shareholders owning roughly 73% of the combined company. The merger aims to combine Fox’s live news and sports networks, along with its ad-supported streaming service Tubi, with Roku’s hardware ecosystem and its 100 million global streaming households.