Roku finalizes $22 billion sale to FOX Corporation
Roku completed its previously announced cash-and-stock transaction with FOX Corporation, valuing the deal at about $22 billion.
Roku, Inc. completed its sale to FOX Corporation on November 6, 2026, concluding a transaction that was first announced earlier this year at an enterprise value of roughly $22 billion. Under the merger agreement, each Roku share received $95.30 in cash and 0.9799 shares of FOX Class A common stock. After the deal, FOX shareholders hold about 74% of the combined company's common stock, while former Roku shareholders own roughly 26%.
Roku, which pioneered streaming on television, remains the leading TV streaming platform in the United States, Canada and Mexico by hours streamed, according to a December 2025 report from the Hypothesis Group. The company operates the Roku streaming players, Roku-made TVs, and licensed Roku TV models sold by major brands in more than 15 countries. It also runs The Roku Channel, the low-cost subscription service Howdy, and the live-TV service Frndly TV.
Goodwin Law’s Technology and Public M&A teams represented Roku in the transaction. The legal team was led by Joshua Zachariah, Craig Schmitz, James Ding and Alan Sun, with a broader group of attorneys supporting the deal.