Fox Corporation is reportedly pursuing an acquisition of Roku, offering $160 per share in a deal valuing the streaming platform at roughly $22 billion. If finalized, the merger would combine Fox’s content library with Roku’s dominant distribution network.
Roku’s strategic value surged after the company announced on June 12 that it was exploring a potential sale, sending its shares up 22%. The platform serves over 90 million US households and delivered 145 billion streaming hours in 2025.
While Fox emerges as a key suitor, no agreement has been confirmed. Roku is reportedly engaged with multiple media companies. The two firms recently deepened ties on May 26 with the launch of FOX One, a $19.99 monthly premium subscription tier on The Roku Channel.
For Fox, which primarily focuses on news and sports content, acquiring Roku solves a critical distribution gap. For investors, a potential bidding war among competing firms could push the final price higher.