Fox Corporation to acquire Roku in $22 billion deal

Fox Corporation announced a $22 billion acquisition of streaming platform Roku, structured as a mix of cash and stock. The merger would raise the combined company's viewership share to roughly 9.6‑9.9 percent, positioning Fox as the third‑largest television company in the United States behind Disney and YouTube and giving it a larger advertising platform.

Analysts have recently upgraded Fox’s stock, with Zacks Research moving the rating to “Strong‑Buy” and Citigroup reaffirming a “Buy” stance. Fox reported quarterly earnings of $1.32 per share on revenue of $3.99 billion, beating expectations, and its market capitalization stands at about $21.8 billion. The acquisition is presented as a response to rapid consolidation in the media industry, aiming to expand advertising reach and keep pace with competitors such as Paramount, Netflix, and Comcast.