Fox to acquire streaming platform Roku in 22 billion dollar deal

Fox Corporation announced on Monday that it has agreed to acquire the streaming media business Roku, Sports Media Watch reported. The cash and stock transaction assigns Roku an enterprise value of approximately 22 billion dollars. Under the terms of the agreement, the deal values Roku at 160 dollars per share. [1]

The transaction will unite Fox networks, the Tubi platform, and Roku under the same corporate banner, according to Sports Media Watch. Fox executive chair and chief executive officer Lachlan Murdoch will oversee the combined assets. Roku operates as a consumer electronics brand that manufactures digital media players and smart TVs while also running two streaming services. [1][4]

In related media industry developments, the Department of Justice investigation into the merger between Paramount and Warner Bros. Discovery has reportedly closed, Sports Media Watch reported. The closure occurred as career lawyers were leaning toward recommending a lawsuit against the transaction. Paramount Skydance acquired Warner Bros. Discovery on October 6, 2026, for 31 dollars per share in a deal valuing the business at 110.9 billion dollars. [1][3]

Separately, the Rangers Sports Network is reportedly interested in acquiring local broadcast rights for National Basketball Association games, according to Sports Media Watch. The network operates as a part-time regional sports network owned by Rangers Sports Media and Entertainment, which serves as the media division of Major League Baseball team the Texas Rangers. [1][2]