Fox Corporation, led by Lachlan Murdoch, agreed to acquire streaming platform Roku in a deal valued at $22 billion, including debt. Announced on June 15, 2026, the transaction prices Roku shares at $160 each.
The acquisition combines Fox’s live news and sports content with Roku’s vast streaming distribution infrastructure, creating what is projected to be the third-largest player in US television. It marks Lachlan Murdoch’s first major acquisition since a September 2025 family settlement solidified his control over the empire.
Roku provides an ad-supported platform embedded in tens of millions of households, aligning with Fox’s need to monetize programming beyond traditional cable fees. The deal is expected to close in the first half of 2027, pending regulatory review, as vertical integration concerns linger. Competitors like Netflix and Disney may reconsider their content relationships with a Roku now owned by a direct rival.