Roku Announces Acquisition by Fox Corp for $96 Cash and Shares
On August 24, 2026, Roku Inc. (NASDAQ: ROKU) announced it will be acquired by Fox Corporation (FOXA). Each share of Roku is set to receive $96 in cash plus 0.9693 shares of FOXA stock. The deal marks the culmination of a long-term investment journey for some shareholders and reflects Roku's strategic course correction, including cost reductions, ARPU growth initiatives, and share repurchases. RGA Investment Advisors highlighted this acquisition in its Q2 2026 investor letter, noting that while they have sold portions of their position over time, the overall returns from Roku were solid. The firm expressed enthusiasm about potential revenue synergies between Fox Corp and Roku's streaming platform following the merger.
